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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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