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A company buys a piece of machinery for $50,000 and it estimates the life of the machine to be four years, after which it will
A company buys a piece of machinery for $50,000 and it estimates the life of the machine to be four years, after which it will have a salvage value of $10,000. Using the double-declining-balance method of depreciation, the depreciation charge in the third year will be: $2,500 $12,500. $6,250
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