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On January 1, a machine with a useful life of 4 years and a residual value of $76000 was purchased for $600000. What is the
On January 1, a machine with a useful life of 4 years and a residual value of $76000 was purchased for $600000. What is the depreciation expense for year 2 under the double-declining-balance method of depreciation?
$225000.
$300000.
$150000.
$112500.
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