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Question Content Area A machine with a cost of $58,800 has an estimated residual value of $4,726 and an estimated life of 5 years or

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A machine with a cost of $58,800 has an estimated residual value of $4,726 and an estimated life of 5 years or 17,495 hours. What is the amount of depreciation for the second full year, using the double-declining-balance method?

a.$21,629.60

b.$14,112.00

c.$23,520.00

d.$11,760.00

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