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Maryam Co. purchased a machine on January 1, 2020 for $22,500. The machine had an estimated useful life of 10 years and an estimated

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Maryam Co. purchased a machine on January 1, 2020 for $22,500. The machine had an estimated useful life of 10 years and an estimated residual value of $2,500. The company uses double-declining-balance depreciation. What will be the depreciation expense for 2020? $4,500 O $3,500 O$2.250 $2,000

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