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Please answer as quickly as you can an if you can provide an explanation fro the answer? Thank you in advance. Question 9 6 points
Please answer as quickly as you can an if you can provide an explanation fro the answer? Thank you in advance.
Question 9 6 points Save Answer On January 1, 20x1, ABC Corporation acquired machinery at a cost of $1,000,000. ABC adopted the double-declining balance method of depreciation for this machinery and had been recording depreciation over an estimated useful life of ten years, with no residual value. At the beginning of 20x4, a decision was made to change to the straight-line method of depreciation for the machinery. The depreciation amount for 20x4 is a $26,857 b. $42,857 c. $69.714 Od $73,143 Step by Step Solution
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