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PliCo acquires equipment with an original cost of $140,000 that the company expects to use for 8 years and to have a residual value of

PliCo acquires equipment with an original cost of $140,000 that the company expects to use for 8 years and to have a residual value of $5,000. Philco uses the double-declining balance method.The depreciation rate on the equipment is:

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