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Double declining balance method

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Taffy Company purchased specialized equipment on April 1, 2012, that cost $600,000, has a residual value of $40,000, and a useful life of four years. What is the amount of depreciation expense for 2012 and the book value of the equipment at the end of 2012 (after recording depreciation for 2012) under the double declining balance method and the sum of the years digits method?

Reference no: EM132203912

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