On January 1, 2020, THE Company purchased a new machine for $136,000. The machine was...
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Accounting
On January 1, 2020, THE Company purchased a new machine for $136,000. The machine was assigned a salvage value of $9,100 and an eight year life. Assume THE Company will depreciate the machine using double-declining balance depreciation. The depreciation expense recorded on the machine shown in the 2022 income statement would be equal to:
Group of answer choices
$15,863
$19,125
$19,552
$21,150
$24,285
$25,500
none of the above choices are correct
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