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58. Use the following data: Asset cost $120,000 Expected life 4 years Estimated salvage value $ 12,000 Using the sum-of-the-years-digit method, the amount of depreciation

58. Use the following data: Asset cost $120,000 Expected life 4 years Estimated salvage value $ 12,000 Using the sum-of-the-years-digit method, the amount of depreciation for the third year would be

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