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What would Rye report as the Accumulated Depreciation

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Question - Rye Co. purchased a machine with an eight-year estimated useful life and an estimated 10% salvage value for $80,000 on January 1, 2012. What would Rye report as the Accumulated Depreciation on the 12/31/13 balance sheet using the double-declining-balance method?

a. $35,000

b. $13,500

c. $15,000

d. $31,500

e. $20,000

Reference no: EM132564622

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