Coronado Industriespurchased a depreciable asset for $750000. The estimated salvage value is $42000, and the estimated useful life is10years. The double-declining balance method will be used for depreciation. What is the depreciation expense for the second year on this asset?

$112500

$150000

$70800

$120000

Waterway Industriestakes a full year's depreciation expense in the year of an asset's acquisition and no depreciation expense in the year of disposition. Data relating to one ofWaterway's depreciable assets at December 31, 2018 are as follows:

Acquisition year2016

Cost$281000

Residual value44000

Accumulated depreciation187000

Estimated useful life5 years

Using the same depreciation method as used in 2016, 2017, and 2018, how much depreciation expense shouldWaterwayrecord in 2019 for this asset?

$63600

$31600

$47600

$55600