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A machine with a cost of $61,000.00 has an estimated residual value of $3,930.00 and an estimated life of 5 years or 17,941 hours. What

A machine with a cost of $61,000.00 has an estimated residual value of $3,930.00 and an estimated life of 5 years or 17,941 hours. What is the amount of depreciation for the second full year, using the double declining-balance method? Select the correct answer. $12,200.00 $14,640.00 $22,828.00 $24,400.00.

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