Solved: Assume that zollinger uses the double-declining balance, Accounting Basics

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Assume that zollinger uses the double-declining balance

Question - On Jan 1, 2014 Zollinger Corp. purchased a piece of equipment for $12,000. The equipment has a useful life of 4 years and an estimated salvage value of $2,000. Assume that Zollinger uses the DOUBLE-DECLINING balance method for calculating depreciation. What amount will be reported as "Depreciation Expense" on the 2016 income statement?

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Accounting Basics: Assume that zollinger uses the double-declining balance

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