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At the beginning of the current year a firm purchased an asset for $ 3 0 , 0 0 0 and estimates that it will

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At the beginning of the current year a firm purchased an asset for $30,000 and estimates that it will have a useful life of ten years and a salvage value of $3,000. Under the doubledeclining-balance method, the depreciation expense for the first year of the asset's useful life is:
Multiple Choice
$2,700.
$5,400.
$6,000.
$3.000
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