oard 20203 My courses | (2) - on 25 A company purchased factory equipment for $700,000. It is estimated that the equipment will have a $70,000 salvage value at the end of its estimated 5-year useful life. If the company uses the double-declining-balance method of depreciation, the amount of annual depreciation recorded for the second year after purchase would be tite Select one: a, s168,000 question b$280,000 C. The answer does not exist d, $252,000 e. $120,960