Question: Current Attempt in Progress On January 1, a machine with a useful life of 4 years and a residual value of $76000 was purchased for

Current Attempt in Progress On January 1, a machine with a useful life of 4 years and a residual value of $76000 was purchased for $280000. What is the depreciation expense for year 2 under the double-declining balance method of depreciation? O $140000 $52500. O $70000 O $105000

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