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*204. A company purchased office equipment for $30,000 and estimated a salvage value of $6,000...

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Accounting

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*204. A company purchased office equipment for $30,000 and estimated a salvage value of $6,000 at the end of its 8-year useful life. The constant percentage to be applied against book value each year if the double-declining-balance method is used is a. 8%. b. 12.5% c. 25.0%. d. 2.5%

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