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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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