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An asset has a cost of $50,000 with a residual value of $10,000. It has a life of 5 years and was purchased on January

An asset has a cost of $50,000 with a residual value of $10,000. It has a life of 5 years and was purchased on January 1. Its fourth full year of depreciation expense under double-declining-balance will be

$7,200.
$800.
$4,320.
$0.

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