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Scenario 16: Depreciation Calculation - General Electric Company General Electric Company acquired new manufacturing machinery for $150,000 on January 1, 2020. The machinery has an

Scenario 16: Depreciation Calculation - General Electric Company

General Electric Company acquired new manufacturing machinery for $150,000 on January 1, 2020. The machinery has an estimated useful life of 10 years and no salvage value. They use the double-declining balance method for depreciation.

Calculate the depreciation expense for the years 2020, 2021, 2022, and 2023 for General Electric Company.

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