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Question 8 4 pts Assume that on January 1, 2016, UCA had no planes (or other long-term fixed assets) on its books. On July1.2016. UCA purchased a plane for cash at a cost of $1,500,000. The equipment is expected to have a useful life of 10 years and a salvage value of $9.000. REQUIRED: Calculate the depreciation expense on this plane for calendar year 2012, using the double-declining balance method. Next Previous Not saved Submit Qulz SONY