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On October 1, 20x1, Bergen Inc. purchased a car for $33,285. Bergen decided to use the diminishing balance method to depreciate the car at the
On October 1, 20x1, Bergen Inc. purchased a car for $33,285. Bergen decided to use the diminishing balance method to depreciate the car at the rate of 29%. The expected residual value for the car is $4,318. What would be the amount charged for depreciation by Bergen for the year ended December 31, 20x2 (round to the nearest whole dollar)?
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