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Rye Co. purchased a machine with a 4-year estimated useful life and an estimated 10% salvage value for $80,000 on January 1, year 1.

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Rye Co. purchased a machine with a 4-year estimated useful life and an estimated 10% salvage value for $80,000 on January 1, year 1. In its income statement, what would Rye report as the depreciation expense for year 3 using the double-declining balance method? $9,000 $10,000 $18,000 $20,000

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