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Benwick Industries purchased a computer system on January 1 , 2 0 2 2 , at a cash cost of $ 5 0 , 0

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Benwick Industries purchased a computer system on January 1,2022, at a cash cost of $50,000. The estimated useful life is 10 years, and the estimated residual value is $6,000. The company will use the double declining-balance depreciation method.
How much is the 2023 depreciation expense?
Multiple Choice
$10,000
$8,240
$7,040
$8,000
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