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On January 1, 20X1, Milton, Inc. purchased a machine for $100,000 with a 10-year useful life and a $20,000 salvage value. The company uses straight-line

On January 1, 20X1, Milton, Inc. purchased a machine for $100,000 with a 10-year useful life and a $20,000 salvage value. The company uses straight-line depreciation.

If the company had used double-declining balance, how much lower would total assets be on the companys December 31, 20X2 balance sheet?

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