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Computer equipment was acquired at the beginning of the year at a cost of $50,856 that has an estimated residual value of $2,596 and an

Computer equipment was acquired at the beginning of the year at a cost of $50,856 that has an estimated residual value of $2,596 and an estimated useful life of 7 years. Determine the second-year depreciation using the straight-line method.

a.$7,265.14

b.$7,636.00

c.$13,788.57

d.$6,894.29

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