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Company F purchases a vehicle on January 1st for $50,000. The vehicle has a useful life of 5 years and a salvage value of $5,000.
Company F purchases a vehicle on January 1st for $50,000. The vehicle has a useful life of 5 years and a salvage value of $5,000. IF the company selects to use the double declining method, calculate the double declining rate and the depreciation expense in Year 1 and Year 2:
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