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Question 3 Slotkin Products purchased a machine for $65000 on July 1, 2020. The company intends to depreciate it over 8 years using the double-declining

Question 3 Slotkin Products purchased a machine for $65000 on July 1, 2020. The company intends to depreciate it over 8 years using the double-declining balance method. Salvage value is $5000. Depreciation for 2020 to the closest dollar is $32500 a. b. $8125 $14219 C. d. $16250

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