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5 4 Moreno Company purchased equipment for $450,000 on January 1, 2010, and will use the double-declining-balance method of depreciation. It is estimated that the

5 4 Moreno Company purchased equipment for $450,000 on January 1, 2010, and will use the double-declining-balance method of depreciation. It is estimated that the equipment will have a 3-year life and a $20,000 salvage value at the end of its useful life. The amount of depreciation expense recognized in the year 2012 will be

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