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XYZ Company purchased a new machine on January 1, 2006 for $150,000. The machine had a 10-year life and a $10,000 residual value assigned to
XYZ Company purchased a new machine on January 1, 2006 for $150,000. The machine had a 10-year life and a $10,000 residual value assigned to it. Calculate the amount of accumulated depreciation relating to the machine that would appear on XYZ Company's December 31, 2009 balance sheet assuming that the company is depreciating the machine using the double-declining balance method. Do not use decimals in your answer.
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