Answer:
$14,000
Year 2 = $8400
Explanation:
Depreciation expense using the double declining method = Depreciation factor x cost of the asset
Depreciation factor = 2 x (1/useful life)
Depreciation expense in year 1 = 2/5 x $35,000 = $14,000
Book value at the beginning of year 2 = $35,000 - $14,000 = $21,000
Depreciation expense in year 2 = 2/5 x $21,000 = $8400