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What is the solution? Machinery was purchased on January 1 for $55,860.00. The machinery has an estimated life of seven years and an estimated salvage

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Machinery was purchased on January 1 for $55,860.00. The machinery has an estimated life of seven years and an estimated salvage value of $9,000. Double-declining-balance depreciation for the second year would be (round calculations to the nearest dollar): Oa. $10,400 Ob. $10,900 Oc. $12,400 Od. $11,400

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