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Can these also be answered for my homework review? 1) The Galactic Federation purchased a new X-wing at the beginning of 2024 for $287,013. The

Can these also be answered for my homework review?

1) The Galactic Federation purchased a new X-wing at the beginning of 2024 for $287,013. The Federation decided to depreciate the X-wing over a 8-year period using the double-declining-balance method. The Federation estimated the X-wings salvage value at $50,000. What is the depreciation expense for December 31, 2025?

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