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Question 28 (5 points) Use the following information for items 26, 27 and 28. Golden Rams Company acquired equipment on January 1, 2020 for $43,500.

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Question 28 (5 points) Use the following information for items 26, 27 and 28. Golden Rams Company acquired equipment on January 1, 2020 for $43,500. The equipment has an estimated useful life of 10 years or 385,000 unit of product with a salvage value of $5,000. During 2020 the equipment produced 25,000 units and during 2021 the equipment produced 32,500 units. What is the "Depreciation Expense" and "Accumulated Depreciation" for 2020 and 2021 under the double-declining balance method? 2020--Depreciation Expense, $8,700; Accumulated Depreciation, $8,700 2021-Depreciation Expense, $6,960; Accumulated Depreciation, $15,660 2020--Depreciation Expense, $7,700; Accumulated Depreciation, $7,700 2021 - Depreciation Expense, $6,160; Accumulated Depreciation, $13,860 2020--Depreciation Expense, $8,700; Accumulated Depreciation, $8,700 2021- - Depreciation Expense, $6,960; Accumulated Depreciation, $6,960 2020--Depreciation Expense, $4,350; Accumulated Depreciation, $4,350 2021-Depreciation Expense, $3,915; Accumulated Depreciation, $8,265

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