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JK Builders Co purchases a new excavator costing 40,000. Its expected useful life is ten years, at which point it is anticipated that the excavator

JK Builders Co purchases a new excavator costing 40,000. Its expected useful life is ten years, at which point it is anticipated that the excavator will have a residual value of 6,000. If the reducing-balance method of depreciation is used, applying an annual depreciation rate of 15%, what is the annual depreciation charge in Year 2? A. 4,335 B. 3,400 C. 6,000 D. 5,100

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