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A company bought a new machine for $15.000 on January 1. The machine is expected to last eight years and to have a residual value

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A company bought a new machine for $15.000 on January 1. The machine is expected to last eight years and to have a residual value of $5,000 of the company the double-diminishing balance method, what is the accumulated depreciation at the end of year two? (Round your answer to the nearest whole dollar) $6,563 $5.000 C 54,375 D. 59,600

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