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Machinery was purchased on January 1 for $71,000.00. The machinery has an estimated life of...

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Accounting

Machinery was purchased on January 1 for $71,000.00. The machinery has an estimated life of 7 years and an estimated salvage value of $9,000. Double-declining balance depreciation for the second year would be

Select the correct answer.

$13,489.80

$15,489.80

$13,989.80

$14,489.80

Answer & Explanation Solved by verified expert
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