A company purchased factory equipment for $$500000.$ It is estimated that the equipment will have a $$60000$ 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

$$200000.$

$$120000.$

$$72960.$

$$176000.$