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An asset has a cost of $65.000 with a residual value of $12,000. It has a life of 5 years and was purchased on January

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An asset has a cost of $65.000 with a residual value of $12,000. 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 the nearest cent and your final answer to the nearest dollar) O A $9,360 OB. $5,616 OC. 50 . D. $2,040

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