Warren company owns a machine with an acquisition cost of

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Warren Company owns a machine with an acquisition cost of $800,000. The estimated residual value of the machine is $50,000 and it has an expected useful life of 25 years.
Suppose Warren Company plans to depreciate the above machine using the double declining-balance depreciation method. Assuming the first year's depreciation expense was recorded properly, calculate the amount of depreciation expense for the second year?

Reference no: EM13575795

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