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A contractor purchased a tractor at a cost of $100,000 and plans to use it for 5 years, at which time he estimates the salvage

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A contractor purchased a tractor at a cost of $100,000 and plans to use it for 5 years, at which time he estimates the salvage value of the tractor will be $50,000. Using a Double Declining Balance depreciation, how much will be depreciated after the first year

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