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A machine with a cost of $60,200.00 has an estimated residual value of $3,999.00 and an estimated life of 5 years or 19,781 hours. What

A machine with a cost of $60,200.00 has an estimated residual value of $3,999.00 and an estimated life of 5 years or 19,781 hours. What is the amount of depreciation for the second full year, using the double declining-balance method? Select the correct answer. $24.080.00 $22.480.40 $12.040.00 $14448.00

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