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Testbank Multiple Choice Question 64 Sunland Company purchased a machine for $65700 on July 1, 2020. The company intends to depreciate it over 8 years

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Testbank Multiple Choice Question 64 Sunland Company purchased a machine for $65700 on July 1, 2020. The company intends to depreciate it over 8 years using the double-declining balance method. Salvage value is $5000. Depreciation for 2021 to the closest dollar is $8213. $12850. $14372. $32850

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