Question: A company bought a new machine for $ 2 4 , 0 0 0 on January 1 . The machine is expected to last five

A company bought a new machine for $24,000 on January 1. The machine is expected to last five years and has a residual value of $4,000. If the company uses the double declining-balance method, accumulated depreciation at the end of year 2 will be

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