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On January 1, 2019, Fullerton, Inc. purchased a new machine for $180,000. Its estimated useful life is eight years with an expected salvage value of

On January 1, 2019, Fullerton, Inc. purchased a new machine for $180,000. Its estimated useful life is eight years with an expected salvage value of $18,000. Assuming double-declining balance depreciation, 2020 depreciation expense is:

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