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Peppermint Products purchased a printing press for $ 3 9 , 0 0 0 on July 1 , 2 0 2 3 . The company

Peppermint Products purchased a printing press for $39,000 on July 1,2023. The company intends to depreciate it over 4 years using the double-declining balance method. Salvage value is $3,000. Compute depreciation expense for 2023 and 2024.

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