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Machinery was purchased on January 1 for $52.920. The machinery has an estimated life of seven years and an estimated salvage value of $9,000. Double

Machinery was purchased on January 1 for $52.920. 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 (rounded to the nearest dollar) would be: Oa. $9.000 Ob. $10,000 Oc. $11.000 Od. $10.500image text in transcribed

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