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A company buys $22,000 of office furniture on October 31, 2022, which is the last day of its 2022 fiscal year (2022 FY). At that
A company buys $22,000 of office furniture on October 31, 2022, which is the last day of its 2022 fiscal year (2022 FY). At that time, company executives determine that the company will use the furniture for 11 years at which point it plans to recoup $2,000 in salvage value. the company depreciates the building using the double-declining balance method. How much Depreciation expense will the company recognize on its 2024 FY income statement if it uses the double-decline balance method to account for depreciation of the office furniture? Please provide a dollar amount in the answer box below. ANSWER $
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