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Hernjak Corporation acquired a new office machine on January 2, 20X5, for $120,000. The machine has a 10-year life and a $10,000 estimated salvage value.

Hernjak Corporation acquired a new office machine on January 2, 20X5, for $120,000. The machine has a 10-year life and a $10,000 estimated salvage value.

Depreciation for 20X6 using the double-declining-balance method is

$17,200

$17,600

$19,400

$19,600

None of the above.

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