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GNB purchases a new computer system on January 1, 2018 for $80,000. The system is estimated...

GNB purchases a new computer system on January 1, 2018 for $80,000. The system is estimated to have a 4 year useful life and a salvage value of $7,500. Compute the amount of depreciation that will be taken each year over the expected life of this asset, by completing the following calculations for years 1-4, assuming the double declining balance method is used: Book value beginning of the year, depreciation expense, book value end of the year.

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