Question 34 View Policies Current Attempt in Progress On January 1, a machine with a useful life of 5 years and a residual value of $80000 was purchased for $360000. What is the depreciation expense for year 2 under the double-declining-balance method of depreciation? O $86400. O $144000. O $115200. O $69120. Save for Later Attempts: 0 of 1 used