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On January 1, 2021, Maryland Mills purchased equipment for $180,000. The equipment had an estimated useful life of ten years and an estimated residual value
On January 1, 2021, Maryland Mills purchased equipment for $180,000. The equipment had an estimated useful life of ten years and an estimated residual value of $40,000. Using the double-declining-balance method, how much depreciation should Maryland record on the asset in 2021? a) $9,000 b) $18,000 c) $28,000 d) $36,000
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