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A company purchased furniture on January 1. Its cost was $16,000, and it had a residual value of $2,800. Its useful life is determined to

A company purchased furniture on January 1. Its cost was $16,000, and it had a residual value of $2,800. Its useful life is determined to be 4 years. Using double-declining balance depreciation, the depreciation for year 1 to the nearest dollar will be O A. $8,000 B. $4,000 c: $3,300 OD $6,600

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