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Question Content Area A machine with a cost of $120,000 has an estimated residual...

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Accounting

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A machine with a cost of $120,000 has an estimated residual value of $15,000 and an estimated life of 5 years or 15,000 hours. It is to be depreciated by the units-of-activity method. What is the amount of depreciation for the second full year, during which the machine was used 5,000 hours?

a. $5,000

b. $45,000

c. $21,000

d. $35,000

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