On March 1, 2015, Copy Line paid $102,000 for a new copy machine. It was estimated that the machine would produce 850,000 copies over the next 5 years, at which time it could be sold for $17,000. The copy machine made the following amount of copies during its life:

2015 110,000 copies

2016 168,000 copies

2017 154,000 copies

2018 143,000 copies

2019 87,500 copies

It was sold on June 1, 2019 for $18,500.

1. Assuming Copy Line uses the Double-Declining Balance method of depreciation, calculate 2018 depreciation expense:

A. $7,480

B. $9,792

C. $14,300

D. $17,300

E. $34,000

Please select the correct letter choice.