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On January 1, 2014, Orange Nova Company purchased a truck that cost $22,000. The truck had an expected useful life of 5 years and a

On January 1, 2014, Orange Nova Company purchased a truck that cost $22,000. The truck had an expected useful life of 5 years and a $4,000 salvage value. Calculate the amount of depreciation expense recognized in 2016 using the double-declining balance method.

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