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Tango Co. purchased a machine on the first day of a year. The following data are available for the machine: Initial cost Expected useful

Tango Co. purchased a machine on the first day of a year. The following data are available for the machine: Initial cost Expected useful life Estimated residual value $67,400 5 years $3,300 Determine the depreciation for the second year using the double-declining-balance method. a. $16,176 b. $32,352 c. $37,744 d. $34,744

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