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2. A pressurized spray painter was purchased on April 1 of the fiscal year for $3,900. It has a useful life of 4 years and

2. A pressurized spray painter was purchased on April 1 of the fiscal year for $3,900. It has a useful life of 4 years and a residual value of $300. Determine depreciation expense for the useful life of the asset, assuming a fiscal year end of December 31 and using (a) the straight-line method and (b) the double-declining- balance method

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