Pharoah Company purchased a depreciable asset for $610000. The estimated salvage value is $36000, and...
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Accounting
Pharoah Company purchased a depreciable asset for $610000. The estimated salvage value is $36000, and the estimated useful life is 8 years. The double-declining balance method is used for depreciation.What is the depreciation expense for the second year of the assets life?
$106875
$71750
$152500
$114375
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