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An equipment was purchased for $15,000 that has useful life of five years and a residual value of $4000. Determine the depreciation expense for the

An equipment was purchased for $15,000 that has useful life of five years and a residual value of $4000. Determine the depreciation expense for the first year using the double declining balance method.
A. $2,200
B. $2,600
C. $6,000
D. $5,400

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