Rose Petals 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 5-4,000units Year 6 - 5,000 units; Year 7 -7,000units Year 8 - 3 ,000 units. What would be the depreciation expense for the second year of its useful life using the straight-line method?(Enter the number without a dollar sign or decimal point). square

To calculate the depreciation expense using the straight-line method, we use the following formula: Given:- Cost of the Asset = - Useful Life = 8 yearsSubstitute these values into the formula: Therefore, the depreciation expense for the second year using the straight-line method is .So, the answer is: