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2. Equipment acquired at the beginning of the year at a cost of $155,000 has an estimated residual value of $5,000 and an estimated useful

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2. Equipment acquired at the beginning of the year at a cost of $155,000 has an estimated residual value of $5,000 and an estimated useful life of 5 years. Determine the (a)depreciable cost, (b) annual straight-line depreciation (c) double-declining-balance rate. (d) double-declining balance depreciation for every year. (24 percent)

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