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Schager Company purchased a computer system on January 1, 2014, at a cash cost of $25,600. The estimated useful life is 10 years, and the
Schager Company purchased a computer system on January 1, 2014, at a cash cost of $25,600. The estimated useful life is 10 years, and the estimated residual value is $3,300. The company will use the double declining-balance depreciation method. How much is the 2015 depreciation expense? |
A. $4,460.
B. $3,568.
C. $5,120.
D. $4,096.
Please provide as much math and/or detailed explanation as possible.
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