Jasmine Company purchased a depreciable asset for $225,000. The estimated salvage value is $15,000, and the estimated useful life is 8 years. The double-declining balance method will be used for depreciation. what is the accumulated depreciation at the end of the second year? 15,000 42,188 56,250 98,438 Question 37 (1.54 points) Jasmine Company purchased a depreciable asset for $225,000. The estimated salvage value is $15,000, and the estimated useful life is 8 years. The double-declining balance method will be used for depreciation. What is the book (carrying value) of the asset reported on the balance sheet at the end of second year? 153,750 225,000 168,750 126,562 Question 38 (1.54 points) Use the following information for questions 38 to 40 On January 1, 2014, Garden Company purchased a new machine for $2,800,000. The new machine has an estimated useful life of nine years and the salvage value was estimated to be $100,000. Depreciation was computed on the sum-of-the-years'-digits method. What is the depreciation expense for 2014? $560,000 $540,000 $550,000 $570,000