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Find the annual depreciation expense recorded

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Question - A long-lived asset cost $24,000 and is estimated to have a $3,000 residual value at the end of its 8-year useful life. Find the annual depreciation expense recorded for the third year using the double diminishing-balance method?

a. $2,297.

b. $2,953.

c. $3,375.

d. $2,010.

Reference no: EM132614752

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