QUESTION 24 Not yet answered Marked out of 1.00 A company purchased factory equipment for R.O.350,000. It is estimated that the equipment will have a R.0.35,000 residual value at the end of its estimated 5-year useful life. If the company uses the double-declining balance method of depreciation, the book value of the asset at the end of the second year after purchase would be P Flag question Select one: a. R.O.84,000. b.R.O.126,000. C.R.O.140,000 d. R.0.60,480