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Content Area Machinery was purchased on January 1 for $52,920. The machinery has an estimated...

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Accounting

Content Area Machinery was purchased on January 1 for $52,920. The machinery has an estimated life of seven years and an estimated salvage value of $9,000. Double-declining-balance depreciation for the second year (rounded to the nearest dollar) would be: a. $10,800 b. $9,800 c. $10,300 d. $11,800

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