Flemmons, Inc. purchased a building on May $1,201$ for $$2,200,000.$ The building has an estimated useful life of twenty years and a

salvage value of $$400,000.$ The double$-$declining$-$balance method is used to compute depreciation. What is the depreciation expense

for the year ending December $31,20$X$1?$

$$128,333$

$$120,000.$

$$146,667$

$$105,000.$Flemmons, Inc. purchased a building on May $1,20$X$1$ for $$2,200,000.$ The building has an estimated usefule life of twenty years and a salvage value of $$400,000.$ The double$-$decling balance method is used to compute depreciation. What is the depreciation expense for the year ending December $31,20$X$1?$