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Silhouette Company purchased a machine that was installed and placed in service on October 1 of the current year at a cost of $36,000, including
Silhouette Company purchased a machine that was installed and placed in service on October 1 of the current year at a cost of $36,000, including installation cost. Salvage value was estimated at $6,000. The machine is being depreciated over 10 years by the double-declining-balance method. For the year ended December 31 of the next year, what amount should Silhouette report as depreciation expense? Depreciation expense for the next year:
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