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Question Content Area Machinery was purchased on January 1 for $68,600. The machinery has an estimated life of seven years and an estimated salvage value

Question Content Area Machinery was purchased on January 1 for $68,600. 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.$15,000

b.$14,000

c.$13,000

d.$13,500

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