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eBook Print Item Question Content Area Cox Inc. acquired a machine for $600,000 on January 1, Year 1. The machine has a salvage value of

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Cox Inc. acquired a machine for $600,000 on January 1, Year 1. The machine has a salvage value of $15,000 and a 5-year useful life. Cox expects the machine to run for 10,000 machine hours. The machine was actually used for 1,700 hours in 2019 and 2,000 hours in 2020.

What would be the balance in the accumulated depreciation account at the end of the second year, if the straight-line method were used?

a.$366,000

b.$234,000

c.$117,000

d.$216,450

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