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Rye Co. purchased a machine with a 10-year estimated useful life and an estimated $8,000 salvage value for $80,000 on January 1, year 1. In

Rye Co. purchased a machine with a 10-year estimated useful life and an estimated $8,000 salvage value for $80,000 on January 1, year 1. In its income statement, what would Rye report as the depreciation expense for year 2 using the double-declining balance method?

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