Question Content Area

A machine with a cost of $$63,100$ has an estimated residual value of $$4,063$ and an estimated life of $5$ years or $17,579$ hours. What is the amount of depreciation for the second full year, using the double$-$declining$-$balance method?

a$.$ $$12,620\mathrm{.}00$

b$.$ $$15,144\mathrm{.}00$

c$.$ $$23,614\mathrm{.}80$

d$.$ $$25,240\mathrm{.}00$