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How much depreciation should be recorded by Joy Co

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Problem - Joy Co acquired equipment on April 30, 2017, at a cost of $90,000 and with an estimated useful life of 10 years. The machine has a residual value of $10,000. Joy Co uses the double-declining-balance method of depreciation. How much depreciation should be recorded by Joy Co for the year ended December 31, 2017?

Reference no: EM132886431

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