t plant asset purchased for $700,000 has an estimated life of 10 years and a residual value of $35,000. Depreciation for the second year letermined by the double-declining-balance method is $ t plant asset purchased for $616,000 at the beginning of the year has an estimated life of 5 years and a residual value of $56,000. Depre hird year, determined by the sum-of-the-years'-digits method is \$ t plant asset with a cost of $756,000, estimated life of 5 years, and residual value of $126,000, is depreciated by the straight-line metho his asset is sold for $532,000 at the end of the second year of use. The on the disposal is \$