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On the first day of its fiscal year, Western Company purchased a new computer system...

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Accounting

On the first day of its fiscal year, Western Company purchased a new computer system for a
total cost of $60,000. The computer system is expected to have a life of 10 years with a residual
value of $7,000. If the company uses the double-declining-balance method, its depreciation
expense for this computer system in the first year will be
A. $5,300.
B. $6,000.
D. $10,600.
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