Question: On July 1 , 2 0 2 1 , Marvel Corporation purchased factory equipment for $ 6 8 , 0 0 0 . Residual value

On July 1,2021, Marvel Corporation purchased factory equipment for $68,000. Residual value was estimated at $4,000. The equipment will be depreciated over 8 years using double-declining balance method. Counting the year of acquisition as one-half year, Marvel should record how much for depreciation expense for 2022?
On July 1,2021, Marvel Corporation purchased factory equipment for $68,000. Residual

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