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On January 1, 2017 Company X bought equipment for 24,500. The equipment has a useful life of 7 years and a residual value of $

On January 1, 2017 Company X bought equipment for 24,500. The equipment has a useful life of 7 years and a residual value of $ 3,200 . Determine the depreciation expense for 2017 using the double - declining - balance method

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