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Question 17 2 pts JMC purchased and asset on January 1, 2020 for $36,000. It expects to use the double declining method of depreciation. JMC

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Question 17 2 pts JMC purchased and asset on January 1, 2020 for $36,000. It expects to use the double declining method of depreciation. JMC believes that the asset has a useful life of 10 years and has a salvage value of $2,000. What is the amount of depreciation expense to be recognized at the end of 2021, the end of the second year? $3,600 $7.200 $5,760 $6,800 $5,440

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