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Pebble Beach Co. buys a piece of equipment for $54,000. The equipment has a useful...

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Accounting

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Pebble Beach Co. buys a piece of equipment for $54,000. The equipment has a useful life of three years. No residual value is expected at the end of the useful life. Using the double-declining-balance method, what is the company's depreciation expense in the first year of the equipment's useful life? (Do not round intermediate calculations.) Multiple Choice $27,000 $18,000 $13,500 $36,000 On September 1, Emil Rovey purchased a vehicle for $38,000 with a residual value of $4,000. The estimated useful life is 8 years and the company uses the straight-line method. What is the depreciation expense for the year ended December 31? (Round your answer to the nearest whole dollar amount.) Multiple Choice $4,250 $1,063 $1,417 $1,583

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