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A restaurant refrigeration unit with a cost of $100,000 has an estimated residual value of $10,000 and an estimated life of 10 years or 24,000
A restaurant refrigeration unit with a cost of $100,000 has an estimated residual value of $10,000 and an estimated life of 10 years or 24,000 hours. What is the amount of depreciation for the third full year, using the double-declining-balance method?
a. $11,520
b. $20,000
c. $18,000
d. $12,800
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