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A company purchased factory equipment for $510000. It is estimated that the equipment will have a $77000 salvage value at the end of its estimated
A company purchased factory equipment for $510000. It is estimated that the equipment will have a $77000 salvage value at the end of its estimated 5-year useful life. If the company uses the double-declining-balance method of depreciation, the amount of annual depreciation recorded for the second year after purchase would be O $75360. O $204000. O $173200. O $122400
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