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Schager Company purchased a computer system on January 1, 2016, at a cash cost of $27, 400. The estimated useful life is 10 years, and

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Schager Company purchased a computer system on January 1, 2016, at a cash cost of $27, 400. The estimated useful life is 10 years, and the estimated residual value is $4, 200. The company will use the double declining-balance depreciation method. How much is the 2017 depreciation expense? $4.640. $5.480. $4.384. $3.712

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