Foyal Manufacturers acquires an asset for $280,000 The asset has a useful life of years and an estimated salvage value of $20,000, it is expected to 150,000 of cash flow each year over its useful life Royal will depreciate the asset using the double declining balance method for tax purposes, but for eporting purposes. It will depreciate the asset on a straight line basis. The company's tax rate is 40% axable income in Year is closest to $85.000 $10,000 534.000