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A piece of equipment is purchased for $ 1 1 0 , 0 0 0 and has an estimated salvage value of $ 1 0

A piece of equipment is purchased for $110,000 and has an estimated salvage value of $10,000 at the end of the recovery period. Prepare a depreciation schedule for the piece of equipment using the 200% declining-balance method with a recovery period of seven years.

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