A company purchased equipment valued at $200,000 on January 1. The equipment has an estimated...
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Accounting
A company purchased equipment valued at $200,000 on January 1. The equipment has an estimated useful life of six years or 5 million units. The equipment is estimated to have a salvage value of $13,400. Assuming the double declining balance method of depreciation, what is the depreciation expense for the second year?
$41,445.91
$62,137.80
$31,100.00
$55,980.00
$44,442.22
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