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On January 2, 2021, Jatson Corporation acquired a new machine with an estimated useful life of five years. The cost of the equipment was $100,000

On January 2, 2021, Jatson Corporation acquired a new machine with an estimated useful life of five years. The cost of the equipment was $100,000 with an estimated residual value of $20,000.

Assume the company follows200%declining balancemethod. Assume that a full year of depreciation was taken in 2021. The depreciation in year 1will be:

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