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What depreciation would record for the year

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Question - Murgatroyed Co. purchased equipment on January 1, 2019, for $870,000, estimating a five-year useful life and $100,000 residual value. In 2019 and 2020, Murgatroyed depreciated the asset using the double-declining-balance method. In 2021, Murgatroyed changed to straight-line depreciation for this equipment. What depreciation would record for the year 2021 on this equipment?

Reference no: EM132477359

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