A piece of equipment is purchased by Rutgers, Inc. on January 1 for $600,000 and the equipment has an expected useful life of ten years. Its salvage value is estimated to be $30,000. Assuming Rutgers uses the double-declining balance depreciation method, what would be the accumulated depreciation at the end of the second year? $120,000 $216,000 $240,000 OOO $114,000 $205,200 ..... A Moving to another question will save this resnonse uction 24 of 26