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Question
a company purchased factory equipment for $250,000. it is estimated that the equipment will have a $25,000 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
a.$100,000
b.$60,000
c.$90,000
d.$54,000
Answer
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