Flemmons, Inc. purchased a building on May 1, 20X1 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, 20X1? Select answer from the options below $120,000. $146,667 $128,333 $105,000