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Vaughn Manufacturing purchased a machine for $66400 on July 1, 2020. The company intends to depreciate it over 8 years using the double-declining balance method.

Vaughn Manufacturing purchased a machine for $66400 on July 1, 2020. The company intends to depreciate it over 8 years using the double-declining balance method. Salvage value is $5200. Depreciation for 2020 to the closest dollar is

$8300

$16600

$33200

$14525

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