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Schager Company purchased a computer system on January 1, 2006, at a cash cost of $25,000. The estimated useful life is 10 years, and the estimated residual value is $3,000. The company will use the declining-balance method based on a 200 percent acceleration rate. Depreciation expense for the second year will be

a. $5,000.

b. $4,000.

c. $3,800.

d. $2,200.

e. None of the above is correct.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9445566

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