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A machine with a cost of $60,000.00 has an estimated residual value of $4,268.00 and...

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Accounting

A machine with a cost of $60,000.00 has an estimated residual value of $4,268.00 and an estimated life of 5 years or 16,090 hours. What is the amount of depreciation for the second full year, using the double declining-balance method?

Select the correct answer.

$22,292.80

$14,400.00

$12,000.00

$24,000.00

Answer & Explanation Solved by verified expert
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