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A company bought a piece of equipment for $44,200 and expects...

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Accounting

A company bought a piece of equipment for $44,200 and expects to use it for eight years. The company then plans to sell it for $4,400. The company has already recorded depreciation of $38,300.02. Using the double-declining-balance method, what is the company's annual depreciation expense for the upcoming year? (Round your answer to the nearest whole dollar amount.)

$14,200.

$1,475.

$9,950.

$1,500.

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