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Mohr Company purchases a machine at the beginning of the year at a cost of $24,000. The machine is depreciated using the double-declining-balance method. The
Mohr Company purchases a machine at the beginning of the year at a cost of $24,000. The machine is depreciated using the double-declining-balance method. The machines useful life is estimated to be 5 years with a $4,000 salvage value. Depreciation expense in year 2 is :
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$4,800.
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$8,000.
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$9,600.
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$5,760.
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$14,400.
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