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A business buys a machine for $40 000 and depreciates it at the rate of 10% per year using the reducing balance method What

A business buys a machine for $40 000 and depreciates it at the rate of 10% per year using the reducing balance method What is the depreciation charge for the second year of the machine's use? A $ 3 200 B $3 240 $ 3.600 D $ 4.000

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