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On January 1, 2020, ABC company acquired equipment for $200,000 cash. The equipment has a useful life of five years and an estimated residual value

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On January 1, 2020, ABC company acquired equipment for $200,000 cash. The equipment has a useful life of five years and an estimated residual value of $100,000. Determine the depreciation expense in the first two years using the double declining balance method

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