(Solution) - On January 1 2008 the company purchased equipment for 400 000 -(2025 Original AI-Free Solution)

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On January 1, 2008, the company purchased equipment for $400,000. The equipment has an 8-year expected useful life and $0 residual value. Initially, the company used straight-line depreciation. On January 1, 2011, the company changed to double-declining-balance depreciation. Compute depreciation expense for 2011. Ignore income taxes.