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On January 1, a machine with a useful life of four years and a salvage value of $20000 was purchased for $160000. What is the

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On January 1, a machine with a useful life of four years and a salvage value of $20000 was purchased for $160000. What is the depreciation expense for year 2 under straight-line depreciation? $40000. $70000. $17500. $35000

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