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On September 1,20x1 Jackson Company paid $170,000 to purchase equipment that has an estimated life of 8 years and an estimated residual value of $30,625.

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On September 1,20x1 Jackson Company paid $170,000 to purchase equipment that has an estimated life of 8 years and an estimated residual value of $30,625. Jackson will depreciate the equipment using double-declining balance. Calculate depreciation expense for 201 and 202. SHOW YOUR CALCULATIONS

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