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What is the amount of depreciation expense

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Problem - On January 2, 2017, Garr Company acquired machinery at a cost of $320,000. This machinery was being depreciated by the double-declining-balance method over an estimated useful life of 8 years, with no residual value. At the beginning of 2019, Garr changed to the straight-line method of depreciation. What is the amount of depreciation expense that Garr should record for 2019?

Reference no: EM132892163

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