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Sunland Company purchased a depreciable asset for $389000. The estimated salvage value is $28000, and the estimated useful life is 8 years. The double-declining balance

image text in transcribed Sunland Company purchased a depreciable asset for $389000. The estimated salvage value is $28000, and the estimated useful life is 8 years. The double-declining balance method will be used for depreciation. What is the depreciation expense for the second year on this asset? $72938$97250$45125$68250

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