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On January 1, 2015, Sweet Company purchased for 4,000,000 coffee-making equipment having an estimated useful life of 10 years with an estimated residual value of

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On January 1, 2015, Sweet Company purchased for 4,000,000 coffee-making equipment having an estimated useful life of 10 years with an estimated residual value of 100,000. Depreciation is taken for the portion of the year the asset is used. Instructions Determine the depreciation expense for 2015 using the Double-declining balance method 1

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