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XYZ Company purchased a new machine on January 1, 2018 for $90,000. The machine was assigned a 5-year life and a $14,000 residual value. Calculate

XYZ Company purchased a new machine on January 1, 2018 for $90,000. The machine was assigned a 5-year life and a $14,000 residual value. Calculate the amount of depreciation expense recorded on the machine in 2021 assuming the company uses the double declining balance depreciation method

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