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Question
conley company purchased equipment for $40,000 on january 1, 2010, and will use the double-declining-balance method of depreciation. it is estimated that the equipment will have a 5-year life and a $2,000 salvage value at the end of its useful life. the amount of depreciation expense recognized in the year 2012 will be
a.$5,760
b.$9,120
c.$9,600
d.$5,472
Answer
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