[The following information applies to the questions displayed below.] On April 30,2017 , Tilton Products purchased machinery for $88,000. The useful life of this machinery is estimated at 8 years, with an $8,000 residual value. Assume that in its financial statements, Tilton Products uses the 150%-declining-balance method and the half-year convention. Depreciation expense in 2017 and 2018 will be: $8,250 in 2017 and \$14,953 in 2018. $16,500 in 2017 and \$12,964 in 2018. $16,500 in 2017 and \$16,500 in 2018. $15,000 in 2017 and $11,786 in 2018