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On July 1, 2023, Butler Corp. purchases equipment for $476,000. The equipment has a useful life of 12 years and an estimated residual value of

On July 1, 2023, Butler Corp. purchases equipment for $476,000. The equipment has a useful life of 12 years and an estimated residual value of $25,000. Butler records a full month of depreciation in the month of PP&E acquisition.

Assume Butler uses double declining balance depreciation, what is the asset's accumulated depreciation at December 31, 2024?

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