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What amount of depreciation expense is recognized

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Question - On January 1, Year One, a company buys equipment for $60,000 and pays another $5,000 to have it assembled and installed. The equipment has an expected life of 10 years and a residual value of $10,000. What amount of depreciation expense is recognized for Year Two if the double-declining balance method is applied? Assume that the half-year convention is not being used.

Reference no: EM132567988

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