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Question(s) / Instruction(s):

A machine with a cost of $75,000 has an estimated residual value of $5,000 and an estimated life of 4 years or 18,000 hours. What is the amount of depreciation for the second full year, using the double declining-balance method?

a)            $17,500                                 

b)            $37,500                                 

c)            $16,667                                 

d)            $18,750                  

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