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Ivanhoe Ltd. purchased machinery on January 1, 2023, for $75,200. The machinery is estimated to have a residual value of $4,800 after a useful

Ivanhoe Ltd. purchased machinery on January 1, 2023, for $75,200. The machinery is estimated to have a residual value of $4,800 after a useful life of eight years. (a) Calculate the 2023 depreciation expense using the double-declining-balance method. Depreciation expense $

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