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Compute the second-year depreciation

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Question - Computer equipment was acquired at the beginning of the year at a cost of $51,519 that has an estimated residual value of $3,950 and an estimated useful life of 7 years. Compute the second-year depreciation using the straight-line method.

a. $7,924.14

b. $6,795.57

c. $7,359.86

d. $13,591.14

Reference no: EM132540386

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