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Frankie Co. purchased equipment on October 1, 2014 .The equipment cost $125,000, has an estimated salvage value of $10,000, and is being depreciated over a

Frankie Co. purchased equipment onOctober 1, 2014.The equipment cost $125,000, has an estimated salvage value of $10,000, and is being depreciated over a twenty year period using thedouble-declining-balancemethod.What is the depreciation expense for the year2015? (Round to the nearest dollar.)

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