At the beginning of the year, Gates Corp purchased a new piece of equipment to...
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At the beginning of the year, Gates Corp purchased a new piece of equipment to be used in its manufacturing operation. The cost of the equipment was $25,000. The equipment is expected to be used for 4 years and then sold for $4,000. Calculate the Depreciation expense to be reported using the double-declining-balance method for the four year period.
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