Multiple Choice Question 91 A company purchased factory equipment for $530000. It is estimated that the equipment will have a $61000 salvage value at the end of its estimated 5-year useful life. If the company uses the double-declining-balance method of depreciation, the amount of annual depreciation recorded for the second year after purchase would be $127200 $212000 $187600. $80160. Click if you would like to Show Work for this question: Open Show Work