Equipment was purchased on January 1, 2018. The cost of the equipment is $ 100, the salvage value is $ 20 and it has 5 years of useful life. Since the equipment brings more revenue when it's new the company decided to use the double-declining-balance depreciation method.
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Whats is the depreciation expense for the 4th year?
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Equipment was purchased on January 1, 2018. The cost of the equipment is $ 100, the salvage value is...
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