lowing table to answer questions 26-27 Suppose you purchase a new telephone wystem for $3,300. YOU depreciation rate is 50% and you expect a scrap value of $200 Using Double-Declining Balance, what is your depreciation expense in year two? Book Book Value Value at Depreciation Depreciation Accumulated at Beginning Rate Expense Depreciation End of Year Year Year $3,300 50% Year 50% Year 50% $825 $792 $206 $412 Question 27 2.65 pts Continuing from the above example/table... how long is the telephone system's useful life (in what year does your depreciation bring total value below scrap value?) Year 2 Year 3 Year 4 Year 5 Year 6