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Sallys purchased equipment for $71,000 on 1/1. The equipment is expected to have a four-year life, with a residual value of $10,000 at the end

Sallys purchased equipment for $71,000 on 1/1. The equipment is expected to have a four-year life, with a residual value of $10,000 at the end of five years. Using the double-declining balance method, what is the depreciation expense for the year as of 12/31?

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