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Vaughn Manufacturing purchased machinery that was installed and ready for use on January 1, 2020,...

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Accounting

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Vaughn Manufacturing purchased machinery that was installed and ready for use on January 1, 2020, at a total cost of $200,000. Salvage value was estimated at $10,000. The machinery will be depreciated over 4 years using the double-declining balance method. For the year 2022, Vaughn should record depreciation expense on this machinery of $100,000 O $25,000 O $50,000 O $80,000

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