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Using the double diminishing balance depreciation method; calculate the depreciation each year for five years after the purchase of the following asset. An air conditioning
Using the double diminishing balance depreciation method; calculate the depreciation each year for five years after the purchase of the following asset.
An air conditioning unit is purchased for $25 000 and is expected to have a residual value of $4000 after five years under a straight-line method of depreciation.
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