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An Asset Costs $80,000 and Has a Salvage Value of $7,000.It

Question 76

Multiple Choice

An asset costs $80,000 and has a salvage value of $7,000.It has a four-year life.Using double-declining-balance depreciation,Year 2 depreciation would be:


A) $15,000.00.
B) $15,437.50.
C) $20,000.00.
D) $18,250.00.

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