A machine with a cost of $61,900 has an estimated residual value of $3,450 and...
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Accounting
A machine with a cost of $61,900 has an estimated residual value of $3,450 and an estimated life of 5 years or 17,918 hours. What is the amount of depreciation for the second full year, using the double-declining-balance method?
A. $24,760
B. $14,856
C. $12,380
D. $23,380
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