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On January 1, 20X7, Heidi's Pet Boutique purchased a television for the dog sitting area which cost $8,000.It had an estimated useful life of 5

On January 1, 20X7, Heidi's Pet Boutique purchased a television for the dog sitting area which cost $8,000.It had an estimated useful life of 5 years and a residual value of $1,000.What is the amount of depreciation expense for 20X8, the second year of the asset's life using the double declining-balance method?

Select one:

a.$8,000.

b.$1,920.

c.$2,080.

d.$3,200.

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