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Coronado Industries purchased a depreciable asset for $ 750000 . The estimated salvage value is $ 42000 , and the estimated useful life is 10

Coronado Industriespurchased a depreciable asset for $750000. The estimated salvage value is $42000, and the estimated useful life is10years. The double-declining balance method will be used for depreciation. What is the depreciation expense for the second year on this asset?

$112500

$150000

$70800

$120000

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