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Show the steps please 66. On January 2013, Grande Communications purchased a new piece of equipment that cost $25,000. The estimated useful life is 5

Show the steps please
66. On January 2013, Grande Communications purchased a new piece of equipment that cost $25,000. The estimated useful life is 5 years and estimated residual value is $2,500. If Grande uses the double-declining balance method, what is depreciation for 2014? a. 5,400 *b. 6,000 c. 8,333 d. 15,000

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