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On July 1, 2020, Desert Company purchased a new piece of equipment for $216,203. Management estimated the salvage value to be $12,000. The equipment
On July 1, 2020, Desert Company purchased a new piece of equipment for $216,203. Management estimated the salvage value to be $12,000. The equipment will be depreciated over 5 years using the double-declining balance method. What is the amount of depreciation expense Desert will record for this equipment at December 31, 2021? *round your answer to the nearest $1.
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