Question: On January 1, Year One, a machine is bought for $100,000 with a 10 year and a $20,000 salvage value.The company uses straight-line depreciation. If

On January 1, Year One, a machine is bought for $100,000 with a 10 year and a $20,000 salvage value.The company uses straight-line depreciation. If the company had used double- declining balance.

How much lower would total assets be on the company's December 31, Year Two balance sheet?

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