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On July 1, 2025, Vaughn Corporation purchased factory equipment for $289000. The salvage value was estimated to be $7900. The equipment will be depreciated
On July 1, 2025, Vaughn Corporation purchased factory equipment for $289000. The salvage value was estimated to be $7900. The equipment will be depreciated over five years using the double-declining balance method. If the year of acquisition is counted as one- half year, Vaughn should record depreciation expense for 2026 on this equipment of $92480. $69360. $90010. $115600.
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