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Machinery was purchased on January 1 for $51,000.00. The machinery has an estimated life of 7 years and an estimated salvage value of $9,000. Double-declining

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Machinery was purchased on January 1 for $51,000.00. The machinery has an estimated life of 7 years and an estimated salvage value of $9,000. Double-declining balance depreciation for the second year would be Select the correct answer. $ 10,408.16 $11,408.16 $9,408.16 $9,908.16

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