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A company purchased equipment valued at $200,000 on January 1. The equipment has an estimated...

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Accounting

A company purchased equipment valued at $200,000 on January 1. The equipment has an estimated useful life of six years or 5 million units. The equipment is estimated to have a salvage value of $13,400. Assuming the double declining balance method of depreciation, what is the depreciation expense for the second year?

$41,445.91

$62,137.80

$31,100.00

$55,980.00

$44,442.22

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