Beckman Enterprises purchased a depreciable asset on October 1, Year 1 at a cost of $176,000. The asset is expected to have a salvage value of $16,900 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:

$38,016.

$95,040.

$34,776.

$158,400.

$52,164.