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On January 1, a machine with a useful life of five years and a salvage value of $20000 was purchased for $220000. What is the

On January 1, a machine with a useful life of five years and a salvage value of $20000 was purchased for $220000. What is the depreciation expense for year 2 under straight-line depreciation? $105600 $40000 $132000 $26400

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