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Your Corporation, a calendar-year company, acquired a new machine on January one, Year one The...

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Accounting

Your Corporation, a calendar-year company, acquired a new machine on January one, Year one The cost of the machine is $750,000, 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. The machine produced 75,000 units of product in Year one. What is depreciation expense using the double-declining balance method, for year one?

$138,000

$150,000

$75,000

$69,000

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