Beckman Enterprises purchased a depreciable asset on October 1, Year 1 at a cost of $132,000. The asset is expected to have a salvage value of $15,800 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 25.50 Multiple Choice $28.512 $118.800 525272 0 O