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Schager Company purchased a computer system on January 1, 2016, at a cash cost of...

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Accounting

Schager Company purchased a computer system on January 1, 2016, at a cash cost of $27,000. The estimated useful life is 10 years, and the estimated residual value is $4,000. The company will use the double declining-balance depreciation method. How much is the 2017 depreciation expense?

$4,600.

$5,400.

$4,320.

$3,680.

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