What is the depreciation expense for the second year, Accounting Basics

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What is the depreciation expense for the second year

Schager Company purchased a computer system on January 1, 2012, at a cost of $40,000. The estimated useful life is 10 years, and the estimated residual value is $5,000. Assuming the company will use the double-declining-balance method, what is the depreciation expense for the second year?

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Accounting Basics: What is the depreciation expense for the second year

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Accounting Basics: What is the depreciation expense for the second year

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