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On January 1, a machine with a useful life of 5 years and a salvage value of $30000 was purchased for $200000. What is the

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On January 1, a machine with a useful life of 5 years and a salvage value of $30000 was purchased for $200000. What is the depreciation expense for year 2 under straight-line depreciation? O $120000. O $34000. $24000 $96000

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