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Machinery was purchased on January 1 for $93,590. The machinery has an estimated life of seven years and an estimated salvage value of $9,000. Double-decliningbalance

image text in transcribed Machinery was purchased on January 1 for $93,590. The machinery has an estimated life of seven years and an estimated salvage value of $9,000. Double-decliningbalance depreciation for the second year (rounded to the nearest dollar) would be: a. $19,100 b. $18,600 c. $18,100 d. $20,100

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