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A machine 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

A machine 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?

Select one:

a.$12,800

b.$15,000

c.$16,000

d.$20,000

e.None of the above

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