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A company purchased a piece of equipment for $80,000 and the equipment has an expected useful life of 10 years. Its residual value is estimated

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A company purchased a piece of equipment for $80,000 and the equipment has an expected useful life of 10 years. Its residual value is estimated to be $14,000. Using the double-declining balance method, depreciation expense for 2021 would be: Group of answer choices $16,000. $14,000 $13,200. $14,500 5:21 AM

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