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:<br /><br />\[<br />\text{Depreciation Expense} = \frac{\text{Cost of the Asset} - \text{Salvage Value}}{\text{Useful Life}}<br />\]<br /><br />Given:<br />- Cost of the Asset = \( \$180,000 \)<br />- Salvage Value = \( \$20,000 \)<br />- Useful Life = 8 years<br /><br />Substitute these values into the formula:<br /><br />\[<br />\text{Depreciation Expense} = \frac{180,000 - 20,000}{8} = \frac{160,000}{8} = 20,000<br />\]<br /><br />Therefore, the depreciation expense for the second year using the straight-line method is \( 20,000 \).<br /><br />So, the answer is:<br /><br />\( 20000 \)