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8 (1 point) On September 25, 2019, Panther Corp. purchased machinery for $336,000. Residual value was estimated to be $15,000. The machinery will be depreciated

8 (1 point) On September 25, 2019, Panther Corp. purchased machinery for $336,000. Residual value was estimated to be $15,000. The machinery will be depreciated over eight years using the double-declining-balance method. If depreciation is calculated on the basis of the nearest full month, Panther should record depreciation expense for calendar 2020 on this machinery of $63,000. $78,750. $60,000. $42,000. Previous Page Next Page Page 8 of 30

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