Machinery was purchased on January 1 for $51,000. The machinery has an estimated life of seven years and an estimated salvage value of $9,000. Double-declining-balance depreciation for the second year would be (round calculations to the nearest dollar): O $10,929 O $10,408 O $6,000 O $10,500

Machinery was purchased on January 1 for $51,000. The machinery has an estimated life of seven years and an estimated salvage value of $9,000. Double-declining-balance depreclation for the second year would be (round calculations to the nearest dollar): $10,929 $10,408 $6,000 $10,500