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Blossom Company purchased a depreciable asset for $37500 on January 1,2020. The estimated salvage value...

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Accounting

Blossom Company purchased a depreciable asset for $37500 on January 1,2020. The estimated salvage value is $5200, and the estimated useful life is 4 years. The sum-of-the-years' digits method is used for depreciation. What is depreciation expense for the year 2022?
$8075.
$11593.
$6460.
$12920.
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