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A day-care center using the double-declining-balance method of depreciation purchased equipment costing $36,000 and put it use on June 1. The equipment is expected to
A day-care center using the double-declining-balance method of depreciation purchased equipment costing $36,000 and put it use on June 1. The equipment is expected to have a useful life of 10 years and an estimated resale value of $2,400. Refer to the Day-Care Center scenario. Compute the depreciation expense for June 1 through December 31 of the first year and all 12 months of the second year. Group of answer choices $9,316 $9,062
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