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18 An asset costs $70,000 and has a salvage value of $8,000. It has a four-year life. Using double-declining-balance depreciation, Year 1 depreciation would be:

18 An asset costs $70,000 and has a salvage value of $8,000. It has a four-year life. Using double-declining-balance depreciation, Year 1 depreciation would be: O $20,000. O $31.000 CO $40,000. O $35.000

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