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MNVK Corp. purchased a computer system at a cost of $400,000 on January 1, 20X1. The estimated useful life is 6 years, and the estimated

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MNVK Corp. purchased a computer system at a cost of $400,000 on January 1, 20X1. The estimated useful life is 6 years, and the estimated residual value is $40,000. Assuming MNVK uses the double-declining balance method, what is the depreciation expense for 20X2? Select one: a. $93,333 b. $80,000 c. $88,889 d. $120,000 e $133,333

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