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LTV Co. purchased an expensive sattelite system on Jan. 1 costing $60,000 with $5,000 residual value at the end of its 4 years useful life..It

LTV Co. purchased an expensive sattelite system on Jan. 1 costing $60,000 with $5,000 residual value at the end of its 4 years useful life..It decided to use 200% declining balance method (DDB) throughout its useful life.. Calculate the depreciation expense for year1, year 2, year 3 and year 4?

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