Fields Company purchased equipment on January 1 for 180,000 This system has a useful life of 8 years and a salvage value of 20,000 The company estimates that the equipment will produce 40,000 units over its 8-year useful life Actual units produced are: Year 1 - 4,000 units Year 2-6 ,000 units; Year 3 - 8,000 units Year 4-5,000 units; Year 5 - 4 ,000 units; Year 6 - 5,000 units;Year 7 -7 ,000 units; Year 8 - 3 ,000 units. What would be the depreciation expense for the second year of its useful life using the double-declining -balance method? 16,000 24,000 45,000 20,000 33,750

To calculate the depreciation expense for the second year using the double-declining-balance (DDB) method, follow these steps:1. **Determine the straight-line depreciation rate:** 2. **Double the straight-line rate for DDB:** 3. **Calculate the first year's depreciation:** - Initial book value = 4. **Calculate the book value at the end of the first year:** Therefore, the depreciation expense for the second year using the double-declining-balance method is .