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Question 2 Sheridan Company purchased a depreciable asset for $730000. The estimated salvage value is $44000, and the estimated useful life is 10 years. The

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Question 2 Sheridan Company purchased a depreciable asset for $730000. The estimated salvage value is $44000, 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? $146000 $68600 $97600 $116800

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