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Deuce Company purchased a truck for $50,000 on January 2, 2018. The asset has an expected salvage value of $5,000 at the end of its
Deuce Company purchased a truck for $50,000 on January 2, 2018. The asset has an expected salvage value of $5,000 at the end of its ten-year useful life. How much is the depreciation expense in 2019 (year 2) if double-declining balance depreciation is used?
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$7,200
$10,000
$9,000
$8,000
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