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A piece of equipment is purchased for $50,000 and has a salvage value of $10,000. Prepare a depreciation schedule for the piece of equipment using

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A piece of equipment is purchased for $50,000 and has a salvage value of $10,000. Prepare a depreciation schedule for the piece of equipment using the 150% declining-balance method with a recovery period of five years. These depreciation calculations are for use on financial statements and a full year's depreciation may be taken the first year

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