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: Multiple Choice 524 408 $115, 200 $69120 527,648 536.612