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On Jan 2, Garcia Company purchased equipment costing $65,700. The equipment has an estimated salvage value of $7,321 and an estimated useful life of 10

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On Jan 2, Garcia Company purchased equipment costing $65,700. The equipment has an estimated salvage value of $7,321 and an estimated useful life of 10 years. Required: Compute the depreciation expense for each of the first two years when using the double-declining-balance method

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