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ain & Shine Co. purchased a truck for its business on January 2, 20x1. The cost of the truck was $35,000 with a salvage value

ain & Shine Co. purchased a truck for its business on January 2, 20x1. The cost of the truck was $35,000 with a salvage value of $5,000 and a useful life of 5 years. Using the Double-Declining Balance method of depreciation, the depreciation expense recorded on December 31, 20x1, would be:

a.$12,000

.b.$14,000.

c.$0.

d.$16,000.

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