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Equipment purchased on January 1st, 2018 for $80,000 has an estimated life of 20 years and a residual value of $2,300. a) Calculate the depreciation

Equipment purchased on January 1st, 2018 for $80,000 has an estimated life of 20 years and a residual value of $2,300. a) Calculate the depreciation expense for 2020 using the double declining balance. b) make the journal entry for 2020

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