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A company purchased factory equipment for $680,000. It is estimated that the equipment will have a $50,000 salvage value at the end of its

A company purchased factory equipment for $680,000. It is estimated that the equipment will have a $50,000 salvage value at the end of its useful life of 9 years. What will be the depreciation expense in the second year of use of the equipment if the company uses the double declining balance method for calculating depreciation?

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