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Gigler Co. uses double declining depreciation method. Gigler purchased a machine on January 1, 2011 at $12,000, and estimated that the useful life is 3

Gigler Co. uses double declining depreciation method. Gigler purchased a machine on January 1, 2011 at $12,000, and estimated that the useful life is 3 years with a salvage value of $3,000. What should be the depreciation expense in the first year (year 2011)?

$6,000

$4,000

$8,000

$3,000

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