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Rainier Corporation purchased five automobiles at the beginning of 2019 for a total cost of $125,000. Rainier Corporation estimated useful life at 5 years. Use

Rainier Corporation purchased five automobiles at the beginning of 2019 for a total cost of $125,000. Rainier Corporation estimated useful life at 5 years. Use the double-diminishing-balance method to calculate the depreciation expense for 2020. a. $23,000 b. $21,000 c. $22,000 d. $20,000

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