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For questions 16-19, assume the same information as in the last set of questions on depreciation (see question 12 for information) except that you are
For questions 16-19, assume the same information as in the last set of questions on depreciation (see question 12 for information) except that you are using the declining balance method. Again, feel free to make a depreciation table on scratch paper. Here is the information again, so you won't have to scroll back too much to see it.
Cost of equipment = $20,000
Salvage value = $2,000
Useful life = 4 years
How much is the depreciation expense in year 4,3,2, and 1?
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