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Jackie Products purchased a machine for $90,000 on July 1, 2017. The company intends to depreciate it over 8 years using the double-declining balance method.

Jackie Products purchased a machine for $90,000 on July 1, 2017. The company intends to depreciate it over 8 years using the double-declining balance method. Salvage value is $10,000. Depreciation for 2017 is

$8,125

$16,125

$11,250

$22,500

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