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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. Under

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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. Under double-declining-balance, depreciation for the second year would be (round calculations to the nearest dollar): $6,000 $10,500 $10,929 $10,408

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