On January 1, Year 1, Philips Company made a basket purchase including land, a building and equipment for S1006.000. The pored values of the assets are $72,000 for the land, $1,000,000 for the building and $200,000 for equipment Presses the double deciring balance method of depreciation for the equipment which is estimated to have a useful life of four years and a salvage value of $10.00. The depresion expense for your for the equipment is: (Round your intermediate percentages to 2 decimal places le 054231-512X) Multiple Choice $104,000 $52.000 $40,828 $81,657