Slotkin Products purchased a machine for $65,000 on July 1, 2017. The company intends to depreciate it over 8 years using double-declining balance method. Salvage value is $5,000. Depreciation for 2017 is $32, 500 $8, 125 $14, 219 $15,000 Grover Corporation purchased a truck at the beginning of 2017 for $109, 200. The truck is estimated to have a salvage value of $4, 200 and a useful life of 120,000 miles. It was driven 21,000 miles in 2017 and 29,000 miles in 2018. What is the depreciation expense for 2017? $19, 845 $18, 375 $25, 375 $43, 750