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Marmoset Corporation purchased factory equipment that was installed and put into service on January 2, 2017, at a total cost of $110,000. Residual value was
Marmoset Corporation purchased factory equipment that was installed and put into service on January 2, 2017, at a total cost of $110,000. Residual value was estimated at $6,000. The equipment is being depreciated over four years using the double declining-balance method. For the calendar year 2018, Marmoset should record depreciation expense on this equipment of:
a) $55,000.
b) $48,000.
c) $21,000.
d) $27,500.
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