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Close Window Moving to the next question prevents changes to this answer. Question 8 of 50 Question 8 2 points Save Anter DEPRECIATION Company D purchased equipment for 120,000 on 1/1/2020. The equipment has a useful life of 4 years and a residual value of 10,000. Using the double declining balance method of depreciation, what is the amount of depreciation expense for 2020? A. 60,000 3.55.000 C 30.000 D. 25.000 E. None of the above Question 8 of 50 Moving to the next question prevents changes to this answer Close Window