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Preheat oven to 350 degrees.
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Grease and flour a 13x9" baking pan or 2 9" round cake pans.
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Combine flour, cocoa, baking powder, baking soda, salt in a medium bowl.
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Beat butter, sugar, and vanilla extract in a large mixer bowl until creamy.
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Add eggs in one at a time, beating well after each addition.
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Gradually beat in flour mixture alternately with water until batter is well combined and smooth.
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Pour into cake pan of you choice.
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Bake for 25-35 minutes or until toothpick inserted into center of cake comes out clean.
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Cool in pan for about 15 minutes, and then turn cake onto wire rack to cool completely.
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Decorate with your favorite frosting!