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Sheridan Company purchased equipment for $120000 on January 1, 2017, and will use the double-declining-balance method of depreciation. It is estimated that the equipment will

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Sheridan Company purchased equipment for $120000 on January 1, 2017, and will use the double-declining-balance method of depreciation. It is estimated that the equipment will have a 5-year life and a $6300 salvage value at the end of its useful life. The amount of depreciation expense recognized in the year 2019 will be $27360 TASUTA $28800 $16416 $17280

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