An asset costs $80 000 and has a residual value of $7 000. It has a four- year life. Using reducing- balance depreciation, Year 2 depreciation would be:

Name: An asset costs $80 000 and has a residual value of $7 000. It has a four- year life. Using reducing- balance depreciation, Year 2 depreciation would be:
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The Answer of An asset costs $80 000 and has a residual value of $7 000. It has a four- year life. Using reducing- balance depreciation, Year 2 depreciation would be:

An Asset Costs $80 000 and Has a Residual Value