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Calculate the accumulated depreciation in year two

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Reference no: EM132691940

On January 1, B&B Company purchased a delivery truck for $106,000, having a salvage value of $14,000, and an estimated useful life of 4 years.

Problem 1: Calculate the accumulated depreciation in Year 2 assuming the use of the double-declining balance method.

A. $26,500
B. $79,500
C. $53,000
D. None of the above

Reference no: EM132691940

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