Hart company purchased a depreciable asset for 360000 the
Course:- Accounting Basics
Reference No.:- EM13601429

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Hart Company purchased a depreciable asset for $360,000. The estimated salvage value is $24,000, and the estimated useful life is 8 years. The double-declining balance method will be used for depreciation. What is the depreciation expense for the second year on this asset?

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