Use the following information for questions 33 to 37 Jasmine Company purchased a depreciable asset for $225,000. The estimated salvage value is $15,000, and the estimated useful life is 8 years. The double-declining balance method will be used for depreciation. What is the depreciation expense for the first year on this asset? $39,375 $56,250 $26,250 $42,188 Question 34 (1.54 points) Jasmine Company purchased a depreciable asset for $225,000. The estimated salvage value is $15,000, and the estimated useful life is 8 years. The double-declining balance method will be used for depreciation. What is the book (carrying value) of the asset reported on the balance sheet at the end of first year? 225,000 168,750 210,000 153,750 Question 35 (1.54 points) Jasmine Company purchased a depreciable asset for $225,000. The estimated salvage value is $15,000, and the estimated useful life is 8 years. The double-declining balance method will be used for depreciation. What is the depreciation expense for the second year on this asset? O $56,250 $42,188 $39,375 $26,250