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PE 10-3B Double-Declining- Balance Depreciation Obj. 2 EE 10-3 Equipment acquired at the beginning of the year at a cost of $540,000 has an estimated

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PE 10-3B Double-Declining- Balance Depreciation Obj. 2 EE 10-3 Equipment acquired at the beginning of the year at a cost of $540,000 has an estimated residual value of $40,000 and an estimated useful life of 10 years. Determine (a) the double-declining-balance rate and (b) the double-declining-balance depreciation for the first year

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