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TheHomeDepot,Inc.purchasedequipmentfor$200,000onJanuary1st,2023.Theequipment has an estimated useful life of 5 years and a salvage value of $20,000. Calculate the depreciation expense for the first year using the

 

The Home Depot, Inc. purchased equipment for $200,000 on January 1st, 2023. The equipment has an estimated useful life of 5 years and a salvage value of $20,000. Calculate the depreciation expense for the first year using the double-declining balance method.

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