* 205 a Company Purchased Factory Equipment for $350,000

Multiple Choice

* 205. A company purchased factory equipment for $350,000. It is estimated that the equipment will have a $35,000 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

A) $140,000.
B) $84,000.
C) $126,000.
D) $75,600.