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Equipment is purchased for $50 000. It is to be depreciated on a diminishing balance basis using a rate of 10%. How much will be

Equipment is purchased for $50 000. It is to be depreciated on a diminishing balance basis using a rate of 10%. How much will be charged for depreciation expense for year 3 of the machine's life? $4050 $5000 $4500 $15.000

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