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Machinery was purchased on January 1 for $58,000.00. 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 $58,000.00. 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 O$11,336.73 O$12,836.73 O$10,836.73 O$11,836.73

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