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Cullumber Company acquires equipment at a cost of $32.900 on January 3,2024 . Management estimates the equipment will have a residual value of $4.700 at

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Cullumber Company acquires equipment at a cost of $32.900 on January 3,2024 . Management estimates the equipment will have a residual value of $4.700 at the end of its 4 -year useful life. Assume that the company uses the diminishing-balance method and that the diminishing-balance depreciation rate is double the straight-line rate. Calculate the depreciation expense for each year of the equipment's life. Depreciation-2024$Depreciation-2025$Depreciation-2026$Depreciation-2027$

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