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Asset cost is $68,000 (purchased on 4/1/X1), residual value is $8,000; Useful life of 4 years. What is year 1 depreciation expense using Double Declining?

Asset cost is $68,000 (purchased on 4/1/X1), residual value is $8,000; Useful life of 4 years. What is year 1 depreciation expense using Double Declining? Optional Answers: 1. $12,750 2. $17,000 3. $25,500 4. $34,000

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