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Bramble Inc. purchased equipment for $192000, and estimated that the equipment will have a $19200 residual value at the end of its eight-year useful life.
Bramble Inc. purchased equipment for $192000, and estimated that the equipment will have a $19200 residual value at the end of its eight-year useful life. Using the double-diminishing-balance method, the depreciation expense for the third year would be?
$21600.
$27000.
$36000.
$24300.
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