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Jan. 1st, XYZ company purchases a piece of equipment with a cost of $175,000 and estimated useful life of 4 years, and a residual

Jan. 1st, XYZ company purchases a piece of equipment with a cost of $175,000 and estimated useful life of 4 years, and a residual value of $10,000. Calculate the depreciation for all 4 years using 200% Double Declining Balance. Year 1 Year 2 Year 3 Year 4.

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