View Policies Current Attempt in Progress A company purchased factory equipment for $640000. It is estimated that the equipment will have a $62000 salvage value at the end of its estimated 5-year useful life. If the company uses the double-declining-balance method of depreciation, the amount of annual depreciation recorded for the second year after purchase would be O $153600. $256000 O $231200. $115600. Save for Later Attempts: 0 of 1 used Submit