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Alfredo Company purchased a new 3-D printer for $800,510. Although this printer is expected to...

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Accounting

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Alfredo Company purchased a new 3-D printer for $800,510. Although this printer is expected to last for ten years, Alfredo knows the technology will become old quickly, and so they plan to replace this printer in 8 years. At that point, Alfredo believes it will be able to sell the printer for $15,000. Calculate the second year of depreciation using the double-declining- balance method. Round to the whole dollar, no decimal places

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