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Sara Company installs a manufacturing machine in its factory at the beginning of the year at a cost of $87,000. The machine's useful life is
Sara Company installs a manufacturing machine in its factory at the beginning of the year at a cost of $87,000. The machine's useful life is estimated to be 5 years, with a $7,000 residual value. Determine the machines' second year depreciation under the double-declining-balance method
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