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Windsor Company purchases equipment on January 1, Year 1, at a cost of $516,000. The asset is expected to have a service...

Windsor Company purchases equipment on January 1, Year 1, at a cost of $516,000. The asset is expected to have a service life of 12 years and a salvage value of $46,440.

Calculate depreciation for years 1, 2 and 3 using the double-declining-balance method.

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Calculate depreciation for years 1, 2 and 3 using the double-declining-balance method. |Depreciation for Year 1 $86,017 Depre

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