An asset costs 80000 and has a salvage value of 7000 it has


An asset costs $80,000 and has a salvage value of $7,000. It has a four-year life. Using double-declining-balance depreciation, Year 2 depreciation would be:

$15,000.00.

$15,437.50.

$20,000.00.

$18,250.00.

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Financial Accounting: An asset costs 80000 and has a salvage value of 7000 it has
Reference No:- TGS01103520

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