FINANCIAL+MANAG.ACCT.-CONNECT ACCESS
9th Edition
ISBN: 9781264098668
Author: Wild
Publisher: MCG
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On January 3, 2021, Landon Corporation acquired equipment for $135,000. The estimated life of the equipment is 6 years, and the estimated residual value is $3,000. What is the amount of depreciation expense for 2022, if the company uses the double-declining-balance method of depreciation?
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