Moreno Company purchased equipment for $900,000 on January 1, 2017, and will use the double-declining-balance method of depreciation. It is estimated that the equipment will have a 3-year life and a $40,000 salvage value at the end of its useful life. The amount of depreciation expense recognized in the year 2019 will be

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By 2019, the equipment will be fully depreciated as the double-declining-balance method results in accelerated depreciation. The depreciation for 2019 will be the remaining book value minus the salvage value, which is $60,000.

Moreno Company Purchased Equipment for $900,000 on January 1, 2017