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A company purchased factory equipment for $28,000. It is estimated that the equipment will have an $8,000 salvage value at the end of its estimated
A company purchased factory equipment for $28,000. It is estimated that the equipment will have an $8,000 salvage value at the end of its estimated 10-year useful life. If the company uses the double-declining-balance method of depreciation, the depreciation recorded for the third year after purchase would be
$3,584 is the answer, I keep getting something different. please explain
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