A company purchased factory equipment for ¥1,400,000. It is estimated that the equipment will have a ¥140,000 residual value at the end of its estimated 5-year useful life. If the company uses the double-declining-balance method of depreciation, the amount of annual depreciation recorded for the second year after purchase would be

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The Answer of A company purchased factory equipment for ¥1,400,000. It is estimated that the equipment will have a ¥140,000 residual value at the end of its estimated 5-year useful life. If the company uses the double-declining-balance method of depreciation, the amount of annual depreciation recorded for the second year after purchase would be

A Company Purchased Factory Equipment for ¥1,400,000