Question: QUESTION 21 Calculate depreciation for Year 1 using declining balance method: Cost $40,000 Salvage value $2,000 Useful Life 5 years O $7,600 $8,000 O $15,200

QUESTION 21 Calculate depreciation for Year 1 using declining balance method: Cost $40,000 Salvage value $2,000 Useful Life 5 years O $7,600 $8,000 O $15,200 $16,000

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