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On July 1, 2021, Marvel Corporation purchased factory equipment for $ 68,000. Residual value was...

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Accounting

On July 1, 2021, Marvel Corporation purchased factory equipment for $ 68,000. Residual value was estimated at $ 4,000. The equipment will be depreciated over 8 years using double-declining balance method. Counting the year of acquisition as one-half year, Marvel should record how much for depreciation expense for 2022?

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