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An Asset Has a Life of 3 Years

Question 78

Multiple Choice

An asset has a life of 3 years.It cost $90,000 and has an expected salvage value of $15,000.Using double-declining-balance depreciation,what is the depreciation for Year 1?


A) $29,700
B) $60,000
C) $15,000
D) $50,000

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