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A machine is purchased on January 1, 2018 for $112.000. It is expected to have a useful life of ten years and a residual value

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A machine is purchased on January 1, 2018 for $112.000. It is expected to have a useful life of ten years and a residual value of $16,000. The company closes its books on December 31. Under the double declining balance method, what is the total amount of depreciation to be expensed during the 2019? Multiple Choice O $48.000 $17.920 $89,600 0 522.400

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