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A company purchases equipment for $62,5[l on January 1. It has an estimed residual value of $18011] and an estimated useful life of 5 years.

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A company purchases equipment for $62,5[l on January 1. It has an estimed residual value of $18011] and an estimated useful life of 5 years. The company uses the declining balance method of depreciation. Determine the amount of depreciation expense for the FIFTH year. $ |:I x

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