Consider the following accounting information for a computer system:Cost basis of the asset (I) = $10,000;Useful life (N) = 5 years;Estimated salvage value (S) = $2,000. Compute the annual depreciation allowances and the resulting book values using the double-declining-balance depreciation method.

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Consider the following accounting information for a computer system:
Cost basis of the asset (I) = $10,000;
Useful life (N) = 5 years;
Estimated salvage value (S) = $2,000.

Compute the annual depreciation allowances and the resulting book values using the double-declining-balance depreciation method.

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