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JoyCo acquired equipment on January 1, 2022, at a cost of $90,000 and with an estimated useful life of 10 years. The machine has a

JoyCo acquired equipment on January 1, 2022, at a cost of $90,000 and with an estimated useful life of 10 years. The machine has a residual value of $10,000. JoyCo uses the double-declining-balance method of depreciation. How much depreciation should be recorded by JoyCo for December 31, 2022?

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