Uses the double-declining depreciation method

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On 2010 July 1, Frick Company purchased equipment for $400,000, and installation and testing costs totaled $40,000. The equipment has an estimated useful life of 10 years and an estimated salvage value of $40,000. If Frick uses the double-declining depreciation method, the depreciation expense for 2010 is:

Reference no: EM13755028

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