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A company purchased factory equipment for $150,000. It is estimated that the equipment will have a $15,000 salvage value at the end of its estimated 5-year useful life. If the company uses the double-declining-balance method of depreciation, the amount of annual depreciation recorded for the second year after purchase would be?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9952174

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