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Wikitekkee Enterprises purchased equipment for $92,000 on January 1, 2021. The equipment is expected to have a five-year life and a residual value of $12,000.
Wikitekkee Enterprises purchased equipment for $92,000 on January 1, 2021. The equipment is expected to have a five-year life and a residual value of $12,000.
Using the double-declining-balance method, the depreciation on December 31, 2023, would be:
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Auditing The Art And Science Of Assurance Engagements
Authors: Alvin A. Arens, Randal J. Elder, Mark S. Beasley, Chris E. Hogan, Joanne C. Jones
15th Canadian Edition
