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Pharoah Company purchased a depreciable asset for $610000. The estimated salvage value is $36000, and the estimated useful life is 8 years. The double-declining balance

Pharoah Company purchased a depreciable asset for $610000. The estimated salvage value is $36000, and the estimated useful life is 8 years. The double-declining balance method is used for depreciation. What is the depreciation expense for the second year of the assets life?

$106875

$71750

$152500

$114375

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