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A machine with a cost of $62,700 has an estimated residual value of $4,433 and an estimated life of 5 years or 19,659 hours. What

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A machine with a cost of $62,700 has an estimated residual value of $4,433 and an estimated life of 5 years or 19,659 hours. What is the amount of depreciation for the second full year, using the double-declining-balance method? a. $15,048 b. $25,080 c. $23,307 d. $12,540

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