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Testbank Multiple Choice Question 70 Vaughn Manufacturing purchased a depreciable asset for $780000. The estimated salvage value is $45000, and the estimated useful life is

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Testbank Multiple Choice Question 70 Vaughn Manufacturing purchased a depreciable asset for $780000. The estimated salvage value is $45000, and the estimated useful life is 10 years. The double-declining balance method will be used for depreciation. What is the depreciation expense for the second year on this asset? $124800 $156000 $106500 $73500

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