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On January 1, a machine with a useful life of five years and a residual value of $15,000 was purchased for $75,000. What is the

On January 1, a machine with a useful life of five years and a residual value of $15,000 was purchased for $75,000. What is the depreciation expense for year 2 under straight-line depreciation?

$15,000.

$45,000.

$12,000.

$36,000.

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