Wickland Company installs a manufacturing machine in its production facility at the beginning of the year at a cost of 82,000. The machine's useful life is estimated to be 10 years, or 260,000 units of product, with a8,000 salvage value. During its second year, the machine produces 20,800 units of product. Determine the machine's second year depreciation under the straight-line method?
1) $5,920
2) $7,400
3) $8,200
4) $6,560
5) $9,000