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Jones Company purchases new equipment on January 1, 2020. The equipment cost $272,000, had a useful life of four years, and an estimated salvage value

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Jones Company purchases new equipment on January 1, 2020. The equipment cost $272,000, had a useful life of four years, and an estimated salvage value of $20,000. The company calculates depreciation using the double-declining method. Required: Complete the table below to calculate depreciation expense, accumulated depreciation, and year-end book value for the four year life of the equipment. (Round to the nearest dollar. Enter all amounts positive values.) End of Period Depreciation for the Period Beginning-Year Depreciation Anna Book Value Rate Depreciation Year Acumulated Deprecation Your End Donk Valur 2020 2021 2022 2023 Total

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