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Problem 1: Using the double -Declining Balance method, and assuming that the IRS recovery period is five years. If you purchased a car on January 1, 2019. How much would the first year of a car depreciation expense be, if the cost basis of the car is $35000 and the salvage value is $5000?
A- 10000.
B- 12000.
C- 13500.
D- 14000
E- 15000.
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