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Excel Company purchased equipment for $150,000. It is expected to have a salvage value of 40,000 after a service life of 10 years. What

Excel Company purchased equipment for $150,000. It is expected to have a salvage value of 40,000 after a service life of 10 years. What is depreciation expense at the end of the second year of using the equipment using the sum-of-the-years' digits method? $16,000 a. b. $11,000 c. $18,000 d. $20,000

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