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29) On January 1, 2016, Kelowna Corporation purchased equipment for $15,500. Kelowna Corporation expected the equipment to remain in service for 4 years and have

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29) On January 1, 2016, Kelowna Corporation purchased equipment for $15,500. Kelowna Corporation expected the equipment to remain in service for 4 years and have a residual value of $500. Kelowna Corporation depreciated the equipment using double-declining balance depreciation. On June 30, 2018, Kelowna Corporation sold the equipment for $3,750 cash. Compute the following on June 30, 2018 (4) a) Accumulated depreciation b) Carrying value of the equipment

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