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On January 1, a machine with a useful life of five years and a salvage value of $30000 was purchased for $130000. What is the

On January 1, a machine with a useful life of five years and a salvage value of $30000 was purchased for $130000. What is the depreciation expense for year 2 under straight-line depreciation? $62400 $78000 $15600 $20000

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