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Sheffield Company purchased a piece of equipment on January 1, 2018. The equipment cost $252000 and had an estimated life of 8 years and a

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Sheffield Company purchased a piece of equipment on January 1, 2018. The equipment cost $252000 and had an estimated life of 8 years and a salvage value of $27000. What was the depreciation expense for the asset for 2019 under the double-declining-balance method? O $48813 $63000 O $47250. O $31417

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