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Calculate the second year of depreciation using double-declining balance method (round to nearest dollar) Cost of machine $260,000 Estimated useful life 10 years Estimated salvage
Calculate the second year of depreciation using 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 |
A) $23,400
B) $38,400
C) $41,600
D) $52,000
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