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Your Corporation, a calendar-year company, acquired a new machine on January one, Year one. The cost of the machine is $850,000, and the machine has
Your Corporation, a calendar-year company, acquired a new machine on January one, Year one. The cost of the machine is $850,000, and the machine has an estimated useful life of 10 years (or 900,000 units of product). The machine has an expected salvage value of $150,000. The machine produced 75,000 units of product in Year three. Accumulated depreciation at the beginning of year three was $306,000. What is depreciation expense using the double-declining balance for Year three? $78,800$70,000$140,000$108,800
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