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A company purchased factory equipment for $690000. It is estimated that the equipment will have...

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Accounting

A company purchased factory equipment for $690000. It is estimated that the equipment will have a $79000 salvage value at the end of its estimated 5-year useful life. If the company uses the double-declining-balance method of depreciation, the amount of annual depreciation recorded for the second year after purchase would be O $122200. $244400. O $165600. $276000.
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A company purchased factory equipment for $690000. It is estimated that the equipment will have a $79000 salvage value at the end of its estimated 5-year useful life. If the company uses the double-declining-balance method of depreciation, the amount of annual depreciation recorded for the second year after purchase would be $122200.$244400.$165600.$276000

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