a A company purchased factory equipment for $740,000. It is estimated that the equipment will have a $79,000 salvage value at the end of its estimated 5-year useful life. If the company uses the double-declining balance method of depreciation, what would be the amount of annual depreciation recorded for the first year after purchase? $132,200 O $370,000 O $264,400 $148,000 O $296,000