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On January 1, 2018, Beast Company acquired equipment for $360,000. The estimated life of the equipment is 5 years or 20,000 hours. The estimated residual

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On January 1, 2018, Beast Company acquired equipment for $360,000. The estimated life of the equipment is 5 years or 20,000 hours. The estimated residual value is $60,000. What is the amount of depreciation expense for 2020, if the company uses the double-declining-balance method of depreciation? Select one: O A. $86,400 B. $51,840 C. $43,200 O D. $77,760

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