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On January 1, 2021, Wil Company purchases equipment for $140,000 with a useful life of 8 years and a residual value of $5,000. Wil Co.
On January 1, 2021, Wil Company purchases equipment for $140,000 with a useful life of 8 years and a residual value of $5,000. Wil Co. uses the double-declining balance method. The depreciation for 2021 is
a - $30,000
b - $35,000
c - $60,000
d - $70,000
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