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QUESTION 15 Sophia Company purchased equipment costing 5172,000. The equipment has a residual value of $20,000 and an estimated useful life of 8 years. Using

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QUESTION 15 Sophia Company purchased equipment costing 5172,000. The equipment has a residual value of $20,000 and an estimated useful life of 8 years. Using the double declining method. calculate the depreciation for year 1 and year 2 Year 1: Year 2

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