On January 1, 2009, Machiel Manufacturing purchased a machine for $60,000. The machine is estimated to have a useful life of 4 years and a residual value of $10,000. For production units depreciation purposes, the machine is expected to produce 500,000 units. If Machiel Manufacturing uses double declining depreciation, what is the depreciation expense in 2010?

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To calculate the depreciation expense in 2010 using the double declining balance method we ... View the full answer