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A Semi-Truck with a useful life of 7 years and residual value of $50,000 was...

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Accounting

A Semi-Truck with a useful life of 7 years and residual value of $50,000 was purchased for $225,000 on January 1. What is the depreciation expense for year 2 using the double declining balance? (NOTE: For your DDB Rate calculation, Round the amount final amount to Three Decimal Places (.398 or 39.8%))

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