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Coronado Ltd. purchased factory equipment for $210000, and estimated that the equipment will have a $19600 residual value at the end of its estimated 5-year

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Coronado Ltd. purchased factory equipment for $210000, and estimated that the equipment will have a $19600 residual value at the end of its estimated 5-year useful life. If Coronado uses the double diminishing-balance method of depreciation, the depreciation expense for the second year after purchase would be O $84000 $50400. O $76160. $45136

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