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An asset has a cost of $55,000 with a residual value of $10,000. It has a life of 5 years and was purchased on January

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An asset has a cost of $55,000 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: (Round any intermediary calculations to two decimal places and your final answer to the nearest dollar.) ?A. OB, O C. $1,880. $0. $4,752. D. $7,920

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