Use the following information to answer these questions.

On January 1, our company purchased a truck for $95,000. The estimated useful life of the truck is 5 years. The residual value at the end of 5 years is estimated to be $15,000.

1) What is the depreciation expense for the second year of use if we use the double-declining balance method?

[ Select ] ["$22,800", "$25,200", "$57,200", "$60,800"]

2) What is the balance in accumulated depreciation at the end of the second year of use if we use the double-declining balance method?

[ Select ] ["$34,200", "$37,800", "$57,200", "$60,800"]

3) What is the book value at the end of the second year of use if we use the double-declining balance method?

[ Select ] ["$34,200", "$37,800", "$57,200", "$60,800"]