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A company purchases equipment for $30,000 on July 1, 2017. It estimates that the equipment will have a salvage value of $2,500 and its useful
A company purchases equipment for $30,000 on July 1, 2017. It estimates that the equipment will have a salvage value of $2,500 and its useful life will be 10 years. Assuming that the company's accounting year ends on December 31 of each year, what will be the Depreciation Expense for the years 2017 and 2018 assuming double-declining-balance method?
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