On July 1, 2006, Rodriguez Corporation purchased factory equipment for $150,000. Salvage value was estimated...
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Accounting
On July 1, 2006, Rodriguez Corporation purchased factory equipment for $150,000. Salvage value was estimated to be $4,000. The equipment will be depreciated over ten years using the double-declining balance method. Counting the year of aquistiion as one-half year, Gonzalez company should record depreciation expense for 2007 on this equipment of?
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