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86. Lloyd Company purchased a depreciable asset for 1,360,000. The estimated salvage value is 360,000, and the estimated useful life is 8 years. The double-declining

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86. Lloyd Company purchased a depreciable asset for 1,360,000. The estimated salvage value is 360,000, 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? a. 125,000 b. 170,000 c. 187,000 d. 255,000

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