Question: double declining balance method Bianca Enterprises purchased equipment for $84 on January 1, 2021. The equipment is expected to have a five-year life and a

double declining balance method

Bianca Enterprises purchased equipment for $84 on January 1, 2021. The equipment is expected to have a five-year life and a residual value of $7 What is the depreciation expense for 2021? Write the journal entry to record the depreciation of the equipment for 2022 Account Debit Credit

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