Safari File Edit View Histor y Bookmarks Develop Window Help Help Save & ExitSubmit 1 and 12 Test Beckman Enterprises purchased a depreciable asset on October 1, Year 1 at a cost of $140,000. The asset is expected to have a salvage value of $16,000 at the end of its five-year useful life. If the asset is depreciated on the double- declining-balance method, the asset's book value on December 31, Year 2 will be Multiple Choice $126,000 $40,500 $27000 2 3 4 5 6 8