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38. Coronado Industries purchased a depreciable asset for $377000. The estimated salvage value is $26000, and the estimated useful life is 8 years. The double-declining

38. Coronado Industries purchased a depreciable asset for $377000. The estimated salvage value is $26000, 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 second year on this asset?

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