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Eckman Company purchased equipment for $220,000 on January 1, 2016, and will use the double-declining-balance method of depreciation. It is estimated that the equipment will

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Eckman Company purchased equipment for $220,000 on January 1, 2016, and will use the double-declining-balance method of depreciation. It is estimated that the equipment will have a 5-year life and a $7,000 salvage value at the end of its useful life. The amount of depreciation expense recognized in the year 2018 will be

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