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Q: On January 1st, a machine with a useful life of five years and a residual value of $4,500 is purchases for $22,500. What is the

On January 1st, a machine with a useful life of five years and a residual value of $4,500 is purchases for $22,500. What is the depreciation expense in year 2 using the double-declining-balance method?
A) $5,400
B) $7,200
C) $6,120

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