Shasta Exploring purchases a piece of equipment for $50,000 and the equipment has an expected useful life of five years.Its residual value is estimated to be $4,000.Assuming Shasta uses the double-declining balance depreciation method,what is the depreciation expense for the equipment for the second full year?

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The Answer of Shasta Exploring purchases a piece of equipment for $50,000 and the equipment has an expected useful life of five years.Its residual value is estimated to be $4,000.Assuming Shasta uses the double-declining balance depreciation method,what is the depreciation expense for the equipment for the second full year?

Shasta Exploring Purchases a Piece of Equipment for $50,000 and the Equipment