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The owner of a retail shop purchased some equipment at a cost of $7,600. The estimated life of the equipment is 8 years, and the

The owner of a retail shop purchased some equipment at a cost of $7,600. The estimated life of the equipment is 8 years, and the expected salvage value is $912. Use the double-declining-balance method of depreciation to find the depreciation in the third year.

The depreciation in the third year is?

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