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Use the following to answer questions 2 and 3: Yanni Ltd. purchased equipment on 1!1!2018 for $800,000. The estimated useful life is ve-years, the estimated
Use the following to answer questions 2 and 3: Yanni Ltd. purchased equipment on 1!1!2018 for $800,000. The estimated useful life is ve-years, the estimated residual value is $50,000, and a full year's depreciation is recorded in the year of purchase. 2. Under double declining balance, depreciation recorded by Yanni in 2019 is: A) $192,000 B) $180,000 C) $300,000 D) $320,000
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