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What is the depreciation using declining balance method

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Problem 1: Complacent Company purchased an equipment on January 1, 2020. The data are the following: Cost 500,000; Residual value 50,000; and Useful life of 4 years. It is determined that the fourth root of .10 is .5623. What is the depreciation for 2020 using declining balance method?

Reference no: EM132616215

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