Beckman Enterprises purchased a depreciable asset on October 1. Year 1 at a cost of $128 000 The asset is expected to have a salvage value of $15, 700 at the end of its five-year useful life. If the asset is depreciated on the double-declining-balance method, the asset's book value on December 31. Year 2 will be: $24, 408 $36, 612 $69, 120 $115, 200