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A machine has a cost of $17,700, an estimated residual value of $4,200, and an estimated service life of eight years. The machine is being

A machine has a cost of $17,700, an estimated residual value of $4,200, and an estimated service life of eight years. The machine is being depreciated on a straight-line basis. At the end of the second year, what amount will be reported for accumulated depreciation?

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