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21-10-2022
Business

Answered

on january 1, 2024, the holloran corporation purchased a machine at a cost of $55,000. the machine was expected to have a service life of 10 years and a $5,000 residual value. the straight-line depreciation method was used. in 2026, the company switched to the double-declining-balance depreciation method. depreciation for 2026 should be:

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