On january 1, 2012, desmet company purchased office equipment that cost $15,000 cash. the equipment was delivered under terms fob shipping point, and transportation cost was $1,000. the equipment had a five year useful life and a $1,200 expected salvage value. if desmet company had used the double-declining balance depreciation method, the depreciation expense appearing on the 2014 income statement would be:
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On january 1, 2012, desmet company purchased office equipment that cost $15,000 cash. the equipment...
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