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Calculate the depreciation expense for the third year

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Using declining-balance depreciation at twice the straight-line rate, calculate the depreciation expense for the third year of the equipment's life.

Gandolfi Construction Co. purchased a used CAT 336DL earth mover at a cost of $325,000 in January 2013. The company's estimated useful life of this heavy equipment is 10 years, and the estimated salvage value is $75,000.

Reference no: EM131801720

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