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A machine is purchased for $100,000. It is to be depreciated on a reducing balance basis using a rate of 20%. How much will be

A machine is purchased for $100,000. It is to be depreciated on a reducing balance basis using a rate of 20%. How much will be charged for depreciation expense for year 2 of the machine's life?

$16,000

$20,000

$15,000

$12,800

$32,000

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