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Question Content Area Machinery was purchased on January 1 for $84,770. The machinery has an estimated life of seven years and an estimated salvage value

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Machinery was purchased on January 1 for $84,770. The machinery has an estimated life of seven years and an estimated salvage value of $9,000. Double-declining-balance depreciation for the second year (rounded to the nearest dollar) would be:

a. $17,300

b. $18,300

c. $16,800

d. $16,300

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