Your website ALREADY has this problem with 2 answers. First year $ 18,750 (...
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Your website ALREADY has this problem with 2 answers.
First year $ 18,750 ( CORRECT)
BUT,
The 2nd year the answer is $14,062.50 ( WRONG NUMBER ),
SO if you can please solve the 2nd year for me.
Thank you
Depreciation Methods Albany Corporation purchased equipment at the beginning of Year 1 for $75,000. The asset does not have a residual value and is estimated to be in service for 8 years. Calculate the depreciation expense for Years 1 and 2 using the double-declining-balance method. Round to the nearest whole dollar.
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