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A company acquires a fixed asset for $50,000. The asset has a useful life of 10 years and a salvage value of $2,000. What is

A company acquires a fixed asset for $50,000. The asset has a useful life of 10 years and a salvage value of $2,000. What is the amount of depreciation in the second year if the company uses the straight-line mothod?

A) $4,800

B) $5,000

C) $5,200

D) $8,000

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