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Slotkin Products purchased a machine for $65,000 on January 1, 2017. The company intends to depreciate it over 8 years using the double-declining balance

Slotkin Products purchased a machine for $65,000 on January 1, 2017. The company intends to depreciate it over 8 years using the double-declining balance method. Salvage value is $5,000. Calculate the depreciation expense for 2018 to the closest dollar is

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