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What was the depreciation expense for the asset

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Reference no: EM132894412

Question 1: Sheridan Company purchased a piece of equipment on January 1, 2018. The equipment cost $196000 and had an estimated life of 8 years and a salvage value of $22000. What was the depreciation expense for the asset for 2019 under the double-declining-balance method?

Option 1: $49000.
Option 2: $38313.
Option 3: $36750.
Option 4: $20917.

Reference no: EM132894412

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