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Question 25

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Use the following information for questions below
Maryam Co.purchased a machine on January 1,2020 for $22,500.The machine had an estimated useful life of 10 years and an estimated residual value of $2,500.The company uses double-declining-balance depreciation.
-If Maryam Co.used the straight-line method of depreciation,what would the carrying value of the machine be at the end of 2020?


A) $20,500
B) $20,250
C) $18,250
D) $18,000

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