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How much depreciation should be recorded by JoyCo

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Question - JoyCo acquired equipment on April 1, 2022, at a cost of $90,000 and with an estimated useful life of 10 years. The machine has a residual value of $10,000. JoyCo uses the double-declining-balance method of depreciation. How much depreciation should be recorded by JoyCo for the year ended December 31, 2022?

1) 8000

2) 9000

3) 10000

4) 13500

5) 12000

Reference no: EM132514025

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