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9. Calculate the depreciation expense in the third year of the life of an asset having a $70,000 original cost, 10 percent estimated salvage value,

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9. Calculate the depreciation expense in the third year of the life of an asset having a $70,000 original cost, 10 percent estimated salvage value, and an eight-year estimated life, assuming each of the following depreciation methods: a. Straight line b. Double-declining balance c. Declining balance at a 150 percent rate (rather than a double rate)

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