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Question 13 of 20 - /1 View Policies Current Attempt in Progress Concord Corporation purchased a depreciable asset for $720000. The estimated salvage value is

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Question 13 of 20 - /1 View Policies Current Attempt in Progress Concord Corporation purchased a depreciable asset for $720000. The estimated salvage value is $43000, and the estimated useful life is 10 years. The double-declining balance method will be used for depreciation. What is the depreciation expense for the second year on this asset? O $96700 $115200 O $67700 O $144000 Save for Later Attempts: 0 of 1 used Submit Answer O

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