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Company Y has equipment with a useful life of 5 years. What is the double-declining balance rate for the equipment? A. 1/10 B. 1/5 C.

Company Y has equipment with a useful life of 5 years. What is the double-declining balance rate for the equipment?

A. 1/10

B. 1/5

C. 2x(1/10)

D. 2x(1/5)

E. None of the above

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