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A company purchased furniture on January 1. Its cost was $15,600 nearest dollar will be and it had a residual value to be 5 years.

A company purchased furniture on January 1. Its cost was $15,600 nearest dollar will be and it had a residual value to be 5 years. Using double-dedining balance depreciation, the depreciation for year 1 to the O A $3,120 OB. $2,720 OC. 56.240 OD 440

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