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On January 1, a machine with a useful life of 5 years and a residual value of $84000 was purchased for $360000. What is the

On January 1, a machine with a useful life of 5 years and a residual value of $84000 was purchased for $360000. What is the depreciation expense for year 2 under the double-declining balance method of depreciation? $86400 $115200 $69120 $144000

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