Question: 1. A machine is purchased on January 1, 2011, for $90,000. It is expected to have a useful life of five years and a residual

1. A machine is purchased on January 1, 2011, for $90,000. It is expected to have a useful life of five years and a residual value of $5,000. The company closes its books on December 31. Under the double-declining balance method, what is the total amount of depreciation to be expensed during the 2012 fiscal year?

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