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A plant asset cost $ 2 9 1 2 0 0 and is estimated to have a $ 4 0 0 0 0 salvage value

A plant asset cost $291200 and is estimated to have a $40000 salvage value at the end of its 8-year useful life. The annual depreciation expense recorded for the third year using the double-declining-balance method would be
$28020. $40950. $35886. $24570.

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