The salvage value is 35000 and the useful life is 7 years


XYZ Corporation purchased a large piece of construction equipment for $128,000. The salvage value is $35,000 and the useful life is 7 years. Using the double-declining method, what is the fourth year of depreciation expense?

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Accounting Basics: The salvage value is 35000 and the useful life is 7 years
Reference No:- TGS02564864

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