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The double-declining balance (DDB) method is to be used for an asset with a cost of $90,000, estimated salvage value of $12.000, and estimated useful

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The double-declining balance (DDB) method is to be used for an asset with a cost of $90,000, estimated salvage value of $12.000, and estimated useful life of five years What is the depreciation for the fifth tax years, assuming that the asset was placed in service at the beginning of the year? $12.960 $0 None of these answers $7.440 $12.000

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