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On January 1, 2018, Shark Company acquired equipment at a total cost of $66,000. The equipment had a useful life of 5 years with a

On January 1, 2018, Shark Company acquired equipment at a total cost of $66,000. The equipment had a useful life of 5 years with a residual value of $6,000. Shark Company used Double-declining balance method. What is accumulated depreciation of the equipment as of end of 2019?

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