Current Attempt in Progress

On October $1,2025,$ Pharoah Company places a new asset into service. The cost of the asset is $$150000$ with an estimated $5-$year life and $$17000$ salvage value at the end of its useful life. What is the book value of the plant asset on the December $31,2025$ balance sheet assuming that Pharoah Company uses the double$-$declining$-$balance method of depreciation?

$$135000.$

$$142500.$

$$133000.$

$$118000.$