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Tax Depreciation Calculation : A company purchased equipment for $200,000 with a useful life of 10 years and no salvage value. If the company uses

Tax Depreciation Calculation: A company purchased equipment for $200,000 with a useful life of 10 years and no salvage value. If the company uses the double-declining balance method for tax purposes, calculate the depreciation expense for the first year. Additionally, discuss the tax implications of using accelerated depreciation methods such as double-declining balance versus straight-line depreciation.

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