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Question 71

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Use the following information to answer questions
Cantona Manufacturing Co. purchased a machine on July 1, 2010, for $45,000. The machine has an estimated five year life with a salvage value of $5,000.
-Assuming Cantona uses double-declining balance method, Accumulated Depreciation at the end of 2011 is


A) $ 8,000
B) $ 9,000
C) $20,800
D) $22,800
E) $23,400

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