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Cardinal Industries purchased a generator that cost $17,000. It has an estimated life of 5 years and a residual value of $2,000. It is estimated
Cardinal Industries purchased a generator that cost $17,000. It has an estimated life of 5 years and a residual value of $2,000. It is estimated that it will be good for 5,000 hours. Compute the depreciation expense for the second year using the double-declining-balance method of depreciation. a.$6,000 b.$4,080 c.$6,800 d.$3,000
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