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Charlee Company purchased a machine for $67,000 on July 1, 2020 The company intends to depreciate it over 8 years using the double-declining balance method.

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Charlee Company purchased a machine for $67,000 on July 1, 2020 The company intends to depreciate it over 8 years using the double-declining balance method. The salvage value is $5,200. Depreciation for 2020 to the closest dollar is: $16.750 $33,500 O $8,375 $14,656

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