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Jokic Company acquired an asset with a cost of $62,000. The estimated salvage value of the asset is $12,000 and the estimated life of the asset is 5 years. Expected total output of the asset is 80,000 units and actual usage of the asset is: Year 1-14,000 units; Year 2-27,000 units; Year 3-18,000 units. 42.5 points Depreciation expense for year 2 of the asset's life would be what amount assuming the Double Declining Balance method is used? 24,800 20,000 18,600 14,880 12,000 5 2. 2 points The book value of the asset at the end of year 3 would be what assuming that the Straight Line method is used? 32,000 24,800 30,000 20,000 37,200 If the Units of Production method is used, what is depreciation expense for year 2? 16,875 8,750 25,625 20,925 None of the above