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Fichtel Inc. purchased manufacturing equipment costing $75,000 with a salvage value of $5,000. Fichtel assigned a 10-year useful life to the equipment and is using

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Fichtel Inc. purchased manufacturing equipment costing $75,000 with a salvage value of $5,000. Fichtel assigned a 10-year useful life to the equipment and is using the double- declining balance method of depreciation to depreciate the equipment. Calculate year 2 depreciation expense. O A. $12,000 B. $11,200 O C. $14,000 OD. $15,000

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