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14) Jersey Company purchased a depreciable asset for $400,000. The estimated salvage value is $30,000, and the estimated useful life is 8 years. The double

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14) Jersey Company purchased a depreciable asset for $400,000. The estimated salvage value is $30,000, and the estimated useful life is 8 years. The double declining balance method will be used for depreciation. What is the depreciation expense for the third year on this asset

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