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10 01:58:54 A company purchased a computer system at a cost of $34,000. The estimated useful life is 8 years, and the estimated residual value
10 01:58:54 A company purchased a computer system at a cost of $34,000. The estimated useful life is 8 years, and the estimated residual value is $6,000. Assuming the company uses the double-declining-balance method, what is the depreciation expense for the second year? (Do not round your intermediate calculations. Round your answer to the nearest whole dollar amount.) Multiple Choice $6,375. $5,625. $7,875. $8,625
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