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What depreciation expense using the double-declining balance

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Jones corporation purchased equipment for $75,000 on January 1, 2021. The equipment is expected to have a ten year service life, with residual value of $6,900 at the end of ten years.

Problem a. Using the straight line method, depreciation expense for 2021 would be:

Problem b. Using the double-declining balance methods, depreciation expense for 2021 would be

Reference no: EM132666899

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