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A machine with a cost of $150,000 has an estimated residual value of $20,000 and an estimated life of 5 years or 25,000 hours. What
A machine with a cost of $150,000 has an estimated residual value of $20,000 and an estimated life of 5 years or 25,000 hours. What is the depreciation for the second full year using the double-declining balance method?
a. $60,000
b. $36,000
c. $25,000
d. $28,800
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