On January 1, 2012, the company purchased equipment for $400,000. The equipment has an eight-year expected useful
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On January 1, 2012, the company purchased equipment for $400,000. The equipment has an eight-year expected useful life and $0 residual value. Initially, the company used straight-line depreciation. On January 1, 2015, the company changed to double-declining-balance depreciation. Compute depreciation expense for 2015. Ignore income taxes.
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Straightline depreciation 400000 08 years 50000 per year Depreci...View the full answer
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