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A machine with a cost of $68,500.00 has an estimated residual value of $3,320.00 and an estimated life of 5 years or 17,643 hours. What
A machine with a cost of $68,500.00 has an estimated residual value of $3,320.00 and an estimated life of 5 years or 17,643 hours. What is the amount of depreciation for the second full year, using the double declining-balance method?
Select the correct answer.
$16,440.00
$26,072.00
$13,700.00
$27,400.00
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