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Browning purchased a business copier for $4,500 on August 3, 2016. It has an estimated residual value of $500 and an expected service life of
Browning purchased a business copier for $4,500 on August 3, 2016. It has an estimated residual value of $500 and an expected service life of five years. Browning uses double-declining-balance depreciation computed to the nearest whole month. Refer to Exhibit 11-2. The accumulated depreciation balance at December 31, 2017, should be
$2,000
$2,340
$1,750
$2,250
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