Colvin Enterprises purchased a depreciable asset on October $1,$ Year $1$ at a cost of $$100,000.$ The asset is expected to have a salvage value of $$20,000$ at the end of its five$-$year useful life. If the asset is depreciated on the double$-$declining$-$balance method, the asset's depreciation expense in Year $2$ will be: Please also explain how you got the answer and explain the work to get the answer. Thanks!