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The Black Limo Company (BLC) purchased a limo on January 1 of Year 1. The limo cost $48,000. It had an expected useful life of

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The Black Limo Company (BLC) purchased a limo on January 1 of Year 1. The limo cost $48,000. It had an expected useful life of 4 years and a $8,000 salvage value. Assuming BLC uses double-declining-balance depreciation, accumulated depreciation shown on the Year 2 balance sheet is Click the answer you think is right. $20,000 $24,000. $36,000. $12,000

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