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Assume Grande Communications purchased a new piece of equipment on January 1, 2016, that cost $55,000. The estimated useful life is ten years and the

Assume Grande Communications purchased a new piece of equipment on January 1, 2016, that cost $55,000. The estimated useful life is ten years and the estimated residual value is $2,500. If Grande uses the double-declining-balance method, what is depreciation for 2017?

A. $41,600 

B. $26,000 

C. $15,600

D. $15,120

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