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Can you help with this one along with an explanation? I keep getting it wrong... Schager Company purchased a computer system at a cost of
Can you help with this one along with an explanation? I keep getting it wrong...
Schager Company purchased a computer system at a cost of $34,000. The estimated useful life is 6 years, and the estimated residual value is $5,000. Assuming the company will use the double-declining-balance method, what is the depreciation expense for the second year?(Do not round your intermediate calculations. Round your answer to the nearest whole dollar amount.)
rev: 07_31_2015_QC_CS-20537
$11,333
$9,806
$7,556
$9,056
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