Use the following information to answer questions 15 through 17 : 15. Assume that the double-declining balance method is used. Depreciation Expense for year two (12/31/2) is: A. $91,200 B. $96,000 C. $152,000 D. $160,000 E. $256,000 16. Assume again that the double-declining balance method is used. The asset's book value at the end of year three (12/31/3) is: A. $66,400 B. $86,400 C. $96,000 D. $112,000 E. $313,600 17. Assume now that the straight-line method is used. The asset is sold at the end of year four (12/31/4) for $64,000. Which of the following is not included in recording the journal entry? A. Credit equipment for $400,000 B. Credit gain on disposal for $32,000 C. Debit accumulated depreciation for $304,000 D. Debit cash for $64,000 E. Debit loss on disposal for $32,000