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Company purchased a depreciable asset for $99,000 on January 1. The estimated salvage value is $18,000, and the estimated useful life is 9 years. The
Company purchased a depreciable asset for $99,000 on January 1. The estimated salvage value is $18,000,
and the estimated useful life is 9 years. The double-
declining balance method will be used for depreciation. What is
the depreciation expense for the second year on this asset?
Please round the double
-declining balance rateto 2 decimal places, e.g. 0.35 or 35% in your intermediate
calculations.
a.
$13,900
b.
$16,988
c.
$17,820
d.
$11,000
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