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Business, 01.11.2019 02:31 peagwatyourservice

On january 1, year 1, hills purchased equipment for $350,000. the equipment had an estimated useful life of ten years and an estimated residual value of $50,000. use the double-declining-balance method to answer the following question(s). refer to exhibit 11-1. how much depreciation should hills record on the asset in year 1?

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