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1 1 point Kelly Inc. purchased equipment for $400,000, the useful life of the equipment is 10 years and the residual value is $20,000. Using
1 1 point Kelly Inc. purchased equipment for $400,000, the useful life of the equipment is 10 years and the residual value is $20,000. Using the double-declining method what is the depreciation expense in the first year? $38,000 $40,000 $80,000 $30,000
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