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Explain the double-declining method

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Reference no: EM131752161

Question: ABC Company purchased an equipment on January 1, 2013, for $210,000. The equipment was expected to have a useful life of 5 years and a residual value of $10,000. Determine the amount of depreciation expense for the years ended December 2013, 2014, and 2015 by: a) the straight-line method; b) the double-declining method.

Reference no: EM131752161

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