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On January 1, a machine with a useful life of 5 years and a residual value of $68000 was purchased for $200000. What is the

On January 1, a machine with a useful life of 5 years and a residual value of $68000 was purchased for $200000. What is the depreciation expense for year 2 under the double-declining-balance method of depreciation? O $80000. O $48000 O $38400 $64000

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