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On January 1 , Year 1 , Marino Moving Company paid $ 4 8 , 0 0 0 cash to purchase a truck. The truck

On January 1, Year 1, Marino Moving Company paid $48,000 cash to purchase a truck. The truck was expected to have a four-year useful life and an $8,000 salvage value. If Marino uses the double-declining-balance method, which of the following shows how the adjusting entry to recognize depreciation expense at the end of Year 3 will affect the companys financial statements?

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