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What the amount of depreciation to be recorded

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Question - Fedco purchased a piece of equipment on May 1, 2019 for $30,000. The equipment has an estimated life of eight years or 50,000 units of production and an estimated residual or scrap value of $3,000.

What the amount of depreciation to be recorded for 2019 using the declining balance method at two times the straight line rate?

Reference no: EM132923856

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