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Solve for the unknown in each of the following situations: a) Depreciation in Year 2 is $4,800. The 200% declining balance method is used. The

Solve for the unknown in each of the following situations:

a) Depreciation in Year 2 is $4,800. The 200% declining balance method is used. The asset's life is 4 years. What is the cost of the asset?

b) Depreciation in Year 2 is $4,000. The straight-line method is used and the asset has a life of 7 years. The salvage value is $2,000. What is the cost of the asset?

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