Question 11 4pts A company purchased factory equipment for $670,000. It is estimated that the equipment will have a $73,000 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 \begin{tabular}{|l} $19,400 \\ \hline$160,800 \\ \hline$268,000 \\ \hline$238,800 \\ \hline$107,200 \end{tabular}