Please show work Given the following information, calculate the depreciation allowance for year 1....
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Accounting
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Given the following information, calculate the depreciation allowance for year 1. Depreciable Basis: $200,000, Declining Balance Depreciation: 175%, Cost Recovery Period: 27 years.
A. $3,704
B. $6,481
C. $7,407
D. $12,963
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