What would be the correct amount of depreciation

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Reference no: EM132280354

Question - Ilene Wreft Political Consulting Co. purchased a new automobile on October 1, 2015, for $38,000. It estimates it will have a useful life of 8 years, with a salvage value of $3,000. If Ilene Wreft Political Consulting Co. uses double-declining balance, what would be the correct amount of depreciation it should claim as of December 31, 2016?

Reference no: EM132280354

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