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A company bought a new machine for $16,000 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 $16,000 on January 1. The machine is expected to last eight years and to have a residual value of $4,500 of the company uses the double-diminishing balance method, what is the accumulated depreciation at the end of year two? (Round your answer to the nearest whole dollar) O A $10.240 B. $5,031 O c. 55,750 OD. 57.000

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