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A machine with a cost of $55,900 has an estimated residual value of $3,592 and an estimated life of 5 years or 18,578 hours. What

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A machine with a cost of $55,900 has an estimated residual value of $3,592 and an estimated life of 5 years or 18,578 hours. What is the amount of depreciation for the second full year, using the double-declining-balance method? a. $22,360.00 b. $11,180.00 c. $20,923.20 d. $13,416.00

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