A company purchased a computer system at a cost of $25,000. The estimated useful life...
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Accounting
A company purchased a computer system at a cost of $25,000. The estimated useful life is 5 years, and the estimated residual value is $1,000. Assuming the company uses the double-declining-balance method, what is the depreciation expense for the second year? (Do not round your intermediate calculations. Round your answer to the nearest whole dollar amount.)
Multiple Choice
$6,000.
$7,500.
$8,250.
$10,000.
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