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Jasmine Company purchased a depreciable asset for $375000. The estimated salvage value is $25000, and the estimated useful life is 8 years. The double-declining balance

Jasmine Company purchased a depreciable asset for $375000. The estimated salvage value is $25000, and the estimated useful life is 8 years. The double-declining balance method will be used for depreciation. What is the depreciation expense for the second year on this asset?

$43750

$65625

$70313

$93750

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