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Double-Declining-Balance Depreciation Equipment acquired at the beginning of the year at a cost of $66,000...

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Accounting

Double-Declining-Balance Depreciation

Equipment acquired at the beginning of the year at a cost of $66,000 has an estimated residual value of $3,300 and an estimated useful life of 10 years. Determine the following.

(a) The double-declining-balance rate %
(b) The double-declining-balance depreciation for the first year $

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