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E7-7. Depreciation by Two Methods Obj. 2 A piece of heavy equipment acquired on January 1 at a cost of $360,000 has an estimated useful

E7-7. Depreciation by Two Methods Obj. 2 A piece of heavy equipment acquired on January 1 at a cost of $360,000 has an estimated useful life of 20 years. Assuming that it will have no residual value, determine the depreciation for each of the first two years ending December 31 by a. the straight-line method and b. the double-declining-balance method

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