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What is the amount of depreciation expense

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Question - On January 1, 20X7, Heidi's Pet Boutique purchased a television for the dog sitting area which cost $8,000. It had an estimated useful life of 5 years and a residual value of $1,000. What is the amount of depreciation expense for 20X8, the second year of the asset's life using the double declining-balance method?

a. $8,000.

b. $1,920.

c. $2,080.

d. $3,200.

Reference no: EM132527269

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