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On January 1, Year 1 a machine was purchased for $225,000. The machine is estimated to have a $25,000 residual value and a 10 year

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On January 1, Year 1 a machine was purchased for $225,000. The machine is estimated to have a $25,000 residual value and a 10 year useful life. Calculate depreciation for Year 2 under straight-line depreciation. $20,000 $22,500 $25,000 $36,000 $45,000

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