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Equipment acquired at a cost of Rs. 95,000 has an estimated residual value of Rs. 10,000 and an estimated useful life of 5 years. It
Equipment acquired at a cost of Rs. 95,000 has an estimated residual value of Rs. 10,000 and an estimated useful life of 5 years. It was placed in service on June 31, 2002 of the current fiscal year, which ends on December 31 determine the depreciation by declining-balance method, using twice the straight-line rate.
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