10. Classico purchased a piece of equipment on January 1, 2019. The equipment cost $600,000...
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10. Classico purchased a piece of equipment on January 1, 2019. The equipment cost $600,000 and has an estimated life of 8 years and a residual value of $80,000. What was the depreciation expense for the asset for 2020 under the double-declining balance method? * (2 Points) $150,000 $65,620 $112,500 $65,000
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