On january 1 2009 a company acquired equipment for 120000, Ask an Expert

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On January 1, 2009, a company acquired equipment for $120,000. The estimated life of the equipment is 5 years or 20,000 hours. The estimated residual value is $20,000. What is the amount of depreciation expense for 2011, if the company uses the double-declining-balance method of depreciation?

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Accounting Basics, Accounting

Category:- Accounting Basics
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