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Tables and chairs ehf. buy new appliances for ISK 320,000. The estimated salvage value of the equipment is 40,000 ISK (residual value) and the service

Tables and chairs ehf. buy new appliances for ISK 320,000. The estimated salvage value of the equipment is 40,000 ISK (residual value) and the service life is 8 years. What are the depreciation of the equipment on second year according to the declining-balance depreciation method? A. ISK 80,000 B. ISK 45,000 C. ISK 39,375 D. ISK 60,000

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