Answer this question,
Nancy is working on an accounting problem involving the depreciation of a plant asset using the declining-balance method of depreciation. To get the first year’s depreciation expense, she used a rate of 25%. The second year, she used 35%. And the third year, she used 50%.
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- Did Nancy properly calculate the depreciation expense for all three years? Be sure to explain your reason(s) why or why not.
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