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Compute depreciation expense using double-declining method

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Question - Tamarisk Company purchased machinery on January 1, 2020, for $92,800. The machinery is estimated to have a salvage value of $9,280 after a useful life of 8 years. Compute 2020 depreciation expense using the double-declining-balance method, assuming the machinery was purchased on October 1, 2020.

Reference no: EM133094399

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