An asset costs $300,000 and has an estimated salvage value of $45,000 after its 7-year depreciable life. 7. Using Double Declining Balance depreciation, the depreciation in year 2 is closest to ... a) $85,715 b) $214,285 c) $61,224 d) $153,061 e) $24,489 f) $37,145 g) $122,880