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What is the depreciation expense for year two

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Reference no: EM132716040

Problem 1: On January 1, a machine with a useful life of four years and a salvage value of $13000 was purchased for $77000. What is the depreciation expense for year 2 under straight-line depreciation?

Option 1: $19250.

Option 2: $32000.

Option 3: $16000.

Option 4: $38500.

Reference no: EM132716040

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