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Sizemore Solutions purchased a machine for $65,000 on July 1, 2018. The company intends to...

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Accounting

Sizemore Solutions purchased a machine for $65,000 on July 1, 2018. The company intends to depreciate it over 8 years using the double-declining balance method. Salvage value is $5,000.

Using nearest whole month, the depreciation for 2018 is

Group of answer choices

None of the other answers are correct

$32,500

$15,000

$14,219

$8,125

Answer & Explanation Solved by verified expert
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