A machine is purchased on January 1, 2016, for $102,000. It is expected to have...
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Accounting
A machine is purchased on January 1, 2016, for $102,000. It is expected to have a useful life of eight years and a residual value of $11,000. The company closes its books on December 31. Under the double-declining balance method, what is the total amount of depreciation to be expensed during the 2017?
$76,500
$19,125
$25,500
$33,000
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