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Alexa Enterprises purchased a new machine for $120,000. This machine is expected to operate for eight (8) years, after which it will be sold for

Alexa Enterprises purchased a new machine for $120,000. This machine is expected to operate for eight (8) years, after which it will be sold for salvage value (estimated to be $10,000). How much is the net book value of the printer at the end of the second year if the company uses the double-declining-balance method?

$41,250

$52,500

$67,500

$82,500

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