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Becky purchased a new printing machine for $100,010, paid $10,000 for shipping, and paid $5,000 to have it installed in their plant. Based on an
Becky purchased a new printing machine for $100,010, paid $10,000 for shipping, and paid $5,000 to have it installed in their plant. Based on an estimated salvage value of $25,000 and an economic life of six years, what is the difference between straight-line depreciation and double-declining balance depreciation in the second year of the asset's life?
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