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 -8,00 O 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 straight-line method? 45,000 24,000 33,750 16,000 20,000

To calculate the depreciation expense using the straight-line method, we need to follow these steps:1. **Determine the depreciable cost**: The depreciable cost is the initial cost of the equipment minus its salvage value. 20,000 = \ .Therefore, the correct answer is .