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Calculate the first year of depreciation using the double-declining balance method (round to nearest dollar) Cost of machine $260,000 Estimated useful life 10 years Estimated

Calculate the first year of depreciation using the double-declining balance method

(round to nearest dollar)

Cost of machine	$260,000
Estimated useful life	10 years
Estimated salvage value	$20,000
Productive life in hours	50,000 hours

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