Question Content Area

A machine with a cost of $$58,300$ has an estimated residual value of $$3,928$ and an estimated life of $5$ years or $15,313$ hours. What is the amount of depreciation for the second full year, using the double$-$declining$-$balance method?

a$.$ $$11,660\mathrm{.}00$

b$.$ $$23,320\mathrm{.}00$

c$.$ $$21,748\mathrm{.}80$

d$.$ $$13,992\mathrm{.}00$