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at the beginning of the year wood corp. purchased a new piece of equipment to be used in its manufacturing operation/ the cost of the
at the beginning of the year wood corp. purchased a new piece of equipment to be used in its manufacturing operation/ the cost of the equipment was 25,000 the equipment is expected to be used for 4 years and then sold for 4,000. depreciation expense to be reported for the second year using the double- declining balance method is closest to
a 7000
b5250
c 6250
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