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A machine with a cost of $60,700 has an estimated residual value of $4,626 and an estimated life of 5 years or 17,600 hours. What

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A machine with a cost of $60,700 has an estimated residual value of $4,626 and an estimated life of 5 years or 17,600 hours. What is the amount of depreciation for the second full year, using the double-declining-balance method? a. $24,280 b. $14,568 c. $22,430 d. $12,140

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