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Schager Company purchased a computer system at a cost of $32,000. The estimated useful life is 7 years, and the estimated residual value is $8,000.
Schager Company purchased a computer system at a cost of $32,000. The estimated useful life is 7 years, and the estimated residual value is $8,000. Assuming the company will use the double-declining- balance method, what is the depreciation expense for the second year? (Do not round your intermediate calculations. Round your answer to the nearest whole dollar amount) O $6.531 O $8,031 O $8,781 $9,143
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