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A company uses the double-declining-balance method of depreciation. The company purchases an asset for $150,000, which is expected to have a 10 -year life and a $13,500 residual value. a. What depreciation rate will be applied each year? % b. What amount will be charged for depreciation in the first and second years? First-year $ Second-year $ c. What amount will be treated as depreciation over the 10 -year life