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On January 1, a machine with a useful life of five years and a salvage value of $25,000 was purchased for $125,000. What is the

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On January 1, a machine with a useful life of five years and a salvage value of $25,000 was purchased for $125,000. What is the depreciation expense for year 2 under straight-line depreciation? Select one O a. $15,000 O b. $75,000 O c. $20,000 O d. $60,000 O e. $45,000

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