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Machinery was purchased on January 1 for $62,000.00. The machinery has an estimated life of 7 years and an estimated salvage value of 59,000 .

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Machinery was purchased on January 1 for $62,000.00. The machinery has an estimated life of 7 years and an estimated salvage value of 59,000 . Double-declining balance depreciation for the second year would be Select the correct answer. $13,653.06$12,163.06511,653.06512,653.06

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