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A company purchased office equipment for $240,000 and estimated a residual value of $40,000 at the end of its 5-year useful life, if the double-declining-balance

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A company purchased office equipment for $240,000 and estimated a residual value of $40,000 at the end of its 5-year useful life, if the double-declining-balance method is used, the amount to be recorded as depreciation expense at December 31, 2017 is Select one: a. 80,000 b. 40,000 c. 48,000. d. 96,000

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