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How much depreciation expense is recorded for the first year

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Question - On April 1, a company acquired equipment at the cost of $243,500. The equipment is expected to have a six- year life and a residual value of $13,200. The company's year-end is November 30. If the equipment is depreciated using the double diminishing balance method, how much depreciation expense is recorded for the first year?

Reference no: EM133093648

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