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show work please 29) A company purchased factory equipment for $700,000. It is estimated that the equipment will have a $70,000 salvage value at the

show work please

29) A company purchased factory equipment for $700,000. It is estimated that the equipment will have a $70,000 salvage value at the end of its estimated 5-year useful life. If the company uses the double-declining-balance method of depreciation, what is the amount of depreciation for the second year

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