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On May 1, 2020, Boyles Company purchased an equipment for $180,000. It has a ten-year useful life and a residual value of $50,000. The company
On May 1, 2020, Boyles Company purchased an equipment for $180,000. It has a ten-year useful life and a residual value of $50,000. The company uses the double-declining-balance method of depreciation. Assuming the company records annual depreciation expense at the end of its accounting period on December 31, Determine the depreciation expense recorded on December 31, 2021.
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Intermediate Accounting
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
16th edition
1118742974, 978-1118743201, 1118743202, 978-1118742976
