Your Corporation, a calendar-year company, acquired a new machine on January one, Year one. The...
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Your Corporation, a calendar-year company, acquired a new machine on January one, Year one. The cost of the machine is $950,000, and the machine has an estimated useful life of 10 years (or 800,000 units of product). The machine has an expected salvage value of $60,000. Accumulated depreciation at the beginning of year three was $342,000. What is depreciation expense using the double-declining balance method, for year three?
$121,600
$ 60,800
$109,600
$178,000
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