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Slotkin Products purchased a machine for $65,000 on July 1, 2020. The company intends to depreciate it over 10 years using the double-declining balance method.
Slotkin Products purchased a machine for $65,000 on July 1, 2020. The company intends to depreciate it over 10 years using the double-declining balance method. Salvage value is $5,000. Depreciation for 2020 is
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$6,500.
$14,219.
$13,000.
$8,125.
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