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HELPPP On January 1, a company purchased equipment for $80,000. The equipment's useful life is estimated to be 5 years with a $20,000 salvage value.

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On January 1, a company purchased equipment for $80,000. The equipment's useful life is estimated to be 5 years with a $20,000 salvage value. What would be the depreciation expense for the second year of its useful life using the double-declining balance method? $24,000. $12,800. $19,200. $13,600 $14,500

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