QUESTIONS A plant asset cost $288,000 and is estimated to have a $36,000 salvage value at the end of its 8-year useful life. The annual depreciation expense recorded for the third year using the double-declining-balance method would be: $40,500 $24,120 $35,436. O $27,570 QUESTION 9 When an owner withdraws cash or other assets from a business for personal use, these withdrawals are termed consumption drawings depletions credit line