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Determine the amount of depreciation expense for the fifth

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Question :

A company purchases equipment for $62,500 on January 1. It has an estimed residual value of $2,800 and an estimated useful life of 5 years. The company uses the declining balance method of depreciation. Determine the amount of depreciation expense for the FIFTH year.

The response paper should be in APA format, double spaced, hand-written, numbered pages, with a cover page and references.

Reference no: EM132318511

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