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ABC Products purchased a machine for $65,000 on July 1, 2021. The company intends to depreciate it over 8 years using the double-declining balance method.
ABC Products purchased a machine for $65,000 on July 1, 2021. The company intends to depreciate it over 8 years using the double-declining balance method. The salvage value is $5,000. Depreciation expense for 2021 is ________ (enter only number no comma)
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