Beckman Enterprises purchased a depreciable asset on October 1, Year 1 at a cost of $120,000. The asset is expected to have a salvage value of $15,500 at the end of its five-year useful life. If the asset is depreciated on the double-declining-balance method, the asset'sbook valueon December 31, Year 2 will be:

$22,680

$25,920

$108,000

$34,020

$64,800