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4) (30 points) An auto is purchased on 7/1/2020 for $20,000. Its expected life is eight years and it has a salvage value of $

4) (30 points) An auto is purchased on 7/1/2020 for $20,000. Its expected life is eight years and it has a salvage value of $ 2,100. Apply double declining balance method to compute the depreciation expense and book value for 2020, 2021, 2022,2023, 2024, 2025, 2026, 2027, and 2028

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