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On January 1,2016, Baker Co. purchased equipment for S100,000. It has an estimated useful life of five years, and its residual value is $10,000. Ifit

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On January 1,2016, Baker Co. purchased equipment for S100,000. It has an estimated useful life of five years, and its residual value is $10,000. Ifit uses the double declining balance method, what is the amount of accumulated depreciation as of December 31, 2017? $36,000 $40,000 $64,000 $80,000

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