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Emily Enterprises purchased a depreciation asset on January 1, Year 1 at a cost of $180,000. The asset is expected to have a salvage value

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Emily Enterprises purchased a depreciation asset on January 1, Year 1 at a cost of $180,000. The asset is expected to have a salvage value of $17,000 at the end of its five-year useful life. If the asset is depreciated on the double-declining balance method, the asset's depreciation expense for Year 2 will be: $43,200 $65,200 $32,600 $39,120 $72,000

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