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A machine with a cost of $140,000 has an estimated residual value of $14,000 and...

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Accounting

A machine with a cost of $140,000 has an estimated residual value of $14,000 and an estimated life of 6 years or 14,000 hours. It is to be depreciated by the units-of-output method. What is the amount of depreciation for the second full year, during which the machine was used 6,600 hours?

$59,400

$6,600

$45,400

$72,600

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