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Q6. The cost of a machine is $50,000 with a salvage value of $5,000 at the end of its economic life of 5 years. Company
Q6. The cost of a machine is $50,000 with a salvage value of $5,000 at the end of its economic life of 5 years. Company uses declining balance method for depreciation. What will be the value of depreciation expense for first year if it is based on twice the straight-line rate?
a) $10,000
b) $20,000
c) $30,000
d) $25,000
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