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A Corporation purchased a high-tech laser cutter on January 1. 2015, at a cost of $34,000. The company estimated that the laser cutter would have
A Corporation purchased a high-tech laser cutter on January 1. 2015, at a cost of $34,000. The company estimated that the laser cutter would have a useful life of 4 years and a residual value of $4,000, Required: A. Assuming the company uses the double-declining balance method of depreciation, calculate depreciation expense for the year ended December 31, 2018. (3 points)
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