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A. $265,000 B. $132,500 C. $146,250 D. $292,500 The cost of an asset is $1 , 170,00m and its residual value is Sl 10,000. Estimated

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A. $265,000 B. $132,500 C. $146,250 D. $292,500

The cost of an asset is $1 , 170,00m and its residual value is Sl 10,000. Estimated useful life of the asset is eight years. Calculate depreciation for the first year using the double declining balance method of depreciation $265,000 $132,500 o c. $146250 O D. $292,500

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