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On January 1, 2010, Shine Company purchased for 2,000,000 tea-making equipment having an estimated useful life of 10 years with an estimated residual value of

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On January 1, 2010, Shine Company purchased for 2,000,000 tea-making equipment having an estimated useful life of 10 years with an estimated residual value of 50,000. Depreciation is taken for the portion of the year the asset is used. Instructions Determine the depreciation expense for 2010 using the 1. Double-declining balance method

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