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7. Prepare the journal entry to record year 2 double-declining balance depreciation expense for Machine C, which has a cost of $26,100, an estimated life
7. Prepare the journal entry to record year 2 double-declining balance depreciation expense for Machine C, which has a cost of $26,100, an estimated life of 10 years, and $1,400 residual value. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)
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