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On January 1, 2026, ABC Company purchased a new machine for $150,000. The machine was assigned a $7,000 residual value and a 10-year life. ABC

On January 1, 2026, ABC Company purchased a new machine for $150,000. The machine was assigned a $7,000 residual value and a 10-year life. ABC Company will depreciate the machine using the double-declining balance depreciation method. Calculate the amount of accumulated depreciation related to the machine at December 31, 2030

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