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Compute the depreciation

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Question - Slotkin Products purchased a machine for $65,000 on July 1, 2020. The company intends to depreciate it over 8 years using the double-declining balance method. Salvage value is $5,000. Compute the Depreciation for 2020?

a. $32,500.

b. $8,125.

c. $14,219.

d. $12,500.

Reference no: EM132958385

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