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ABC corp acquired a machine on January 1, 2015 for $240,000. The machine has an estimated useful life of 4 years and a residual value

ABC corp acquired a machine on January 1, 2015 for $240,000. The machine has an estimated useful life of 4 years and a residual value of $40,000. ABC corp used the double-declining balance method of depreciation. What depreciation expense should ABC corp recognize for this machine in 2017?

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