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Calculate depreciation using double declining balance method

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Reference no: EM132887479

On January 1, 2000, a piece of equipment was purchased at a cost of $26,000 and has an estimated salvage of $4,000. The estimated useful of the equipment is five years.

Problem 1: Calculate the depreciation for 2000 & 2001 using the following methods:

a. The straight-line method

b. The double declining balance method

Reference no: EM132887479

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