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Use the following information to complete the deprecation schedule below using the Double Declining Balance method of depreciation: An asset was purchased on Jan. 1

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Use the following information to complete the deprecation schedule below using the Double Declining Balance method of depreciation: An asset was purchased on Jan. 1 2017 at a cost of $60,000. The asset has a salvage value of $4,000 and an estimated life of 8 years. Year Book Value Rate Depreciation Book Value

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