Question 8 10 pts Your Corporation, a calendar-year company, acquired a new machine on January one, Year one. The cost of the machine is $640,000, and the machine has an estimated useful life of 8 years (or 800,000 units of product). The machine has an expected salvage value of $60,000 What is depreciation expense using the double-declining balance method, for Year two? The machine produced 75,000 units of product in Year one. Accumulated depreciation at the beginning of the year was $160,000. $145,000 $105,000 $160,000 $120,000