On January 1, equipment is purchased for $40,000 with an 20-year life expectancy and salvage value of $4,000. If the double-declining-balance method is used, how much depreciation expense is recorded for the first year?

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The Answer of On January 1, equipment is purchased for $40,000 with an 20-year life expectancy and salvage value of $4,000. If the double-declining-balance method is used, how much depreciation expense is recorded for the first year?

On January 1, Equipment Is Purchased for $40,000 with an 20-Year