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Machinery was purchased on January 1 for $53,000. The machinery has an estimated life of 7 years and an estimated salvage value of $9,000. Double-declining-balance
Machinery was purchased on January 1 for $53,000. 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 (Do not round your intermediate calculations.) Oa. $10,816.33 Ob. 89,81633 Oc. $10,316,33 Od. $11,816,33
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