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A company purchased equipment on January 1, 2022, for $1,000,000, estimating a frye year service life and $100,000 residual value in 2022 and 2023 ,

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A company purchased equipment on January 1, 2022, for $1,000,000, estimating a frye year service life and $100,000 residual value in 2022 and 2023 , the company depreciated the asset using the double-declining balance method, in 2024 , the company changed to straight line depreciation for ths equipment What depreciation would the company record for the year 2024 on thes equipment? Note: Do not round your depreciation rate. Miltple Choice $92000 585333 596,667 $180000

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