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jim kindel purchased equipment for $53000 on January 1.Its residual value is $5300 with a useful life of 10 years. The amount of depreciation expense
jim kindel purchased equipment for $53000 on January 1.Its residual value is $5300 with a useful life of 10 years. The amount of depreciation expense in the first year under the double declining-balance method is: a. $10,600. b. $5300. c. $9540. d. $4770.
a. $10,600.
b. $5300.
c. $9540.
d. $4770.
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