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A company's property records revealed the following information about one of its plant assets: Cost 154,000 Salvage Value 15,000 Purchase Date 01/01 Estimated Life 10

A company's property records revealed the following information about one of its plant assets: Cost 154,000 Salvage Value 15,000 Purchase Date 01/01 Estimated Life 10 years Depreciation Method Double-declining. Calculate the depreciation expense in Year 1 and Year 2 for the year ended December 31

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