Using the double-declining balance method

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A machine with a cost of $100,000 has an estimated residual value of $10,000 and an estimated life of 10years or 30,000 hours. What is the amount of depreciation for the first full year, using the double-declining balance method?

a. $10,000

b. $9,000

c. $18,000

d. $20,000

Reference no: EM13793414

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