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On January 1,2022, Betty DeRose, Inc. purchased a piece of machinery for $384,000....

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Accounting

On January 1,2022, Betty DeRose, Inc. purchased a piece of
machinery for $384,000. The machine had an estimated useful
life of eight years and a residual value of $6,000.
Assume Betty DeRose depreciates its assets using the double-
declining balance method of depreciation.
Calculate the amount of accumulated depreciation related to
the machine that would appear in Betty's December 31,2026
balance sheet.

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