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Klayton Corporation purchased factory equipment that was installed and put into service January 2, 2017, at a total cost of $150,000. Salvage value was estimated

Klayton Corporation purchased factory equipment that was installed and put into service January 2, 2017, at a total cost of $150,000. Salvage value was estimated at $10,000. The equipment is being depreciated over four years using the double-declining balance method. For the year 2018, Klayton should record depreciation expense on this equipment of

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