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Double-Declining Balance Method of Depreciation Assignment

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February 24th, 2020

On January 1, 2019, Walter Company purchased machinery for $83,700. At the end of its 3-year service life, it is estimated that the machinery will be worth $5,000. What is the amount of depreciation expense that would be recorded in the adjusting entry on December 31, 2021 (end of the third year) using the double-declining balance method of depreciation? 4.300. .

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