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Important: machine was purchased on September 9, 2019!!! 1. A corporation purchased a machine on September 9, 2019 for $480000, with salvage value $120000, and

Important: machine was purchased on September 9, 2019!!! image text in transcribed

1. A corporation purchased a machine on September 9, 2019 for $480000, with salvage value $120000, and use of life for 8 years. Using the double decline depreciation method, what is the depreciation expense on December 31, 2020

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