A company purchased machinery for $10,800,000 on January 1, Year 1. The machinery has a useful life
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A company purchased machinery for $10,800,000 on January 1, Year 1. The machinery has a useful life of 10 years and an estimated salvage value of $800,000. What is depreciation expense for the year ended December 31, Year 2, assuming that the double-declining-balance method is used?
a. $2,160,000
b. $3,888,000
c. $1,728,000
d. $2,000,000
e. $1,600,000
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