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Question 20 (3 points) A machine with a cost of $85,000 has an estimated residual value of $12,000 and an estimated life of 5

Question 20 (3 points) A machine with a cost of $85,000 has an estimated residual value of $12,000 and an estimated life of 5 years or 23,000 hours. What is the amount of depreciation for the second full year, using the double-declining-balance method?

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