Question: A machine was purchased for $72,000, has a 10 -year useful life, and a $4,000 salvage value. What is its depreciation expense in year 2

A machine was purchased for $72,000, has a 10 -year useful life, and a $4,000 salvage value. What is its depreciation expense in year 2 using the double-declining balance method? Select one: a. 14,400 b. 11,520 c. 7,200 d. 13,600

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