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On January 1, 2020, THE Company purchased a new machine for $136,000. The machine was...

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Accounting

On January 1, 2020, THE Company purchased a new machine for $136,000. The machine was assigned a salvage value of $9,100 and an eight year life. Assume THE Company will depreciate the machine using double-declining balance depreciation. The depreciation expense recorded on the machine shown in the 2022 income statement would be equal to:

Group of answer choices

$15,863

$19,125

$19,552

$21,150

$24,285

$25,500

none of the above choices are correct

Answer & Explanation Solved by verified expert
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