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A car cost $ 4 0 , 0 0 0 to purchase. It has a life of 1 0 years. Using the double declining balance

A car cost $40,000 to purchase. It has a life of 10 years. Using the double declining balance depreciation method, what is the value of the car after the second year?$25,600 $33,600 $36,000 $32,000

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