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On January 2, 2017, X Company purchased equipment for $240,000. The equipment has an estimated useful life of 5 years and an estimated salvage value
On January 2, 2017, X Company purchased equipment for $240,000. The equipment has an estimated useful life of 5 years and an estimated salvage value of $30,000. The equipment is being depreciated using the double-declining balance method. What will be the balance in accumulated depreciation at December 31, 2018?
A) $109,200
B) $96,000
C) $153,600
D) $84,000
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