A machine with a cost of $60,000.00 has an estimated residual value of $4,268.00 and...
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Accounting
A machine with a cost of $60,000.00 has an estimated residual value of $4,268.00 and an estimated life of 5 years or 16,090 hours. What is the amount of depreciation for the second full year, using the double declining-balance method?
Select the correct answer.
$22,292.80
$14,400.00
$12,000.00
$24,000.00
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