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QUESTION 21 Davis Co. purchased equipment on January 2, 20X4 for $100,000. The equipment's estimated life is 3 years and it has an estimated salvage

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QUESTION 21 Davis Co. purchased equipment on January 2, 20X4 for $100,000. The equipment's estimated life is 3 years and it has an estimated salvage value of $4,000. The company uses double-declining-balance (DDB) depreciation. What was the depreciation expense for the year ended December 31, 20x4? a. $32,000 b. $64,000 c. $25,000 d. $66,667

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