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A machine with a cost of $69,900.00 has an estimated residual value of $3,560.00 and an estimated life of 5 years or 16,163 hours. What

A machine with a cost of $69,900.00 has an estimated residual value of $3,560.00 and an estimated life of 5 years or 16,163 hours. What is the amount of depreciation for the second full year, using the double declining-balance method?

Select the correct answer.

$27,960.00

$13,980.00

$16,776.00

$26,536.00

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