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Waterway Industries purchased a machine for $67400 on July 1, 2017. The company intends to depreciate it over 8 years using the double-declining balance method.

Waterway Industries purchased a machine for $67400 on July 1, 2017. The company intends to depreciate it over 8 years using the double-declining balance method. Salvage value is $4800. Depreciation for 2018 is

a). $14,294

b). $8,200

c). $16,850

d). $32,800

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