Question: Multiple Choice Question 107 On January 1, a machine with a useful life of 5 years and a salvage value of $20000 was purchased for

Multiple Choice Question 107

On January 1, a machine with a useful life of 5 years and a salvage value of $20000 was purchased for $160000. What is the depreciation expense for year 2 under straight-line depreciation?

$96000.

$28000.

$19200.

$76800.

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