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On April 1, 2022, Grateau Group (a calendar year end business) purchased equipment...

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Accounting

image On April 1, 2022, Grateau Group (a calendar year end business) purchased equipment for $16,000 and placed it into service. The equipment has an estimated salvage value of $1,500 and a useful life of 4 years. Compute depreciation expense for the year ended December 31, 2022 assuming that Grateau Group uses the double-declining-balance method

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