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Morrow Company purchased a depreciable asset for $38,000 on January 1,2015 . The estimated salvage value is $6,000, and the estimated useful life is 4

image text in transcribed Morrow Company purchased a depreciable asset for $38,000 on January 1,2015 . The estimated salvage value is $6,000, and the estimated useful life is 4 years. The sum-of-the-years' digits method is used for depreciation. What is depreciation expense for the year 2017? $6,400.$11,400.$12,800.$8,000

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