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On July 1, 2023, Grateau Group (a calendar year end business) purchased equipment for $32,000 and placed it into service. The equipment has an estimated

On July 1, 2023, Grateau Group (a calendar year end business) purchased equipment for $32,000 and placed it into service. The equipment has an estimated salvage value of $4,000 and a useful life of 4 years. Compute depreciation expense for the year ended December 31, 2023 assuming that Grateau Group uses the double-declining-balance method

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