Question: On October 1 , 2 0 2 0 , ABAC Farms purchased a machine with a cost of $ 1 2 0 , 0 0

On October 1,2020, ABAC Farms purchased a machine with a cost of $120,000 and a salvage value of $20,000 and a useful life of 10 years. Assuming ABAC Farms uses Double-declining balance depreciation, what is the depreciation for 2020?

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