Equipment acquired at the beginning of the year at a cost of $175,000 has an estimated residual

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Equipment acquired at the beginning of the year at a cost of $175,000 has an estimated residual value of $12,000 and an estimated useful life of 10 years. Determine
(a) The double declining-balance rate and
(b) The double-declining-balance depreciation for the first year?
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Accounting

ISBN: 978-1337899451

27th edition

Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac

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