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E107 Gigis Baked Chicken bought equipment on January 2, 2021, for $33,000. The equipment was expected to remain in service for 4 years. At the
E107 Gigis Baked Chicken bought equipment on January 2, 2021, for $33,000. The equipment was expected to remain in service for 4 years. At the end of the equipments useful life, Gigis estimates that its residual value will be $6,000. Prepare a schedule of amortization expense, accumulated amortization, and book value per year for the equipment under the double-declining-balance method. Show your computations
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