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Moped, Inc. purchased machinery at a cost of $44,000 on January 1, 2017. The expected...

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Accounting

Moped, Inc. purchased machinery at a cost of $44,000 on January 1, 2017. The expected useful life is 5 years and the asset is expected to have salvage value of $4,000. Moped depreciates its assets using the double-declining balance method. What is the accumulated depreciation for this asset on December 31, 2018?

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