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Business, 05.07.2020 05:01 lejeanjamespete1

Warren Company plans to depreciate a new building using the double declining-balance depreciation method. The building cost $800,000. The estimated residual value of the building is $50,000 and it has an expected useful life of 25 years. Assuming the first yearâs depreciation expense was recorded properly, what would be the amount of depreciation expense for the second year? A. $30,720.

B. $32,000.

C. $58,880.

D. $64,000.

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