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ABC Company purchased a piece of equipment costing $36,000. The equipment has a salvage value of $6,000 and an estimated useful life of 4 years.

ABC Company purchased a piece of equipment costing $36,000. The equipment has a salvage value of $6,000 and an estimated useful life of 4 years. Using double-declining-balance depreciation, what is the depreciation expense in Year 1, Year 2, and Year 3?

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