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A company purchased machinery on January 2, 2019 for a

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A company purchased machinery on January 2, 2019 for a cost of $100,000. The company uses double-declining balance (DDB) for depreciation with a 10 year useful life and residual value of $20,000. Two years later as of December 31, 2020, the accumulated depreciation for the machinery is $36,000. What is the depreciation expense for 2021? O A. $16,000 O B. $20,000 OC. $12,800 O D. $8,800

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Intermediate Accounting

Intermediate Accounting

6th edition

Authors: J. David Spiceland, James Sepe, Mark Nelson

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