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On January 1, Year 1, Rachel's Boutique Co. purchased a $600,000 building. The building has a salvage value of $15,000 and an estimated useful life

On January 1, Year 1, Rachel's Boutique Co. purchased a $600,000 building. The building has a salvage value of $15,000 and an estimated useful life of 10 years. Assume Rachel's Boutique uses the double-declining balance method. What is the amount of depreciation expense in Year 2?

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