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 Select one: O a. $168,000 b. $280,000. c. The answer does not exist d. $252,000 e. $120,960. Windows bude Navti nan