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On January 1, 2018, Al-Rayan Company purchased an industrial machine for 160,000 QR. The salvage value is estimated at 10,000 QR and the useful life

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On January 1, 2018, Al-Rayan Company purchased an industrial machine for 160,000 QR. The salvage value is estimated at 10,000 QR and the useful life is 4 years. The company used the double declining balanced method to calculate depreciation for the first and second year and then switch to the straight line method for the rest of the life of the machine. Consequently, the depreciation expense for the third year of the asset's life will be: O A.) 15,000 B.) 7,500 OC.)37,500 D.) 20,000

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