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Question - Schager Company purchased a computer system at a cost of $30,000. The estimated useful life is 7 years, and the estimated residual value is $10,000. Assuming the company will use the double-declining-balance method, what is the depreciation expense for the second year? (Please show work)
A. $8,372
B. $7,622
C. $8,571
D. $6,122
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