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On January 2, 2010, the Hanover Company purchased some office equipment for $20,000. The equipment is expected to have a useful life of five years and a salvage value of $2,000. The depreciation to be recorded for the year at the end of 2010, assuming use of the double declining balance method.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M981094

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