Bramble Corp. purchased a new machine on October 1, 2020, at a cost of $126,000. The company estimated that the machine will have a salvage value of $16,000. The machine is expected to be used for 10,000 working hours during its 4-year life. Compute the depreciation expense under declining-balance using double the straight-line rate for 2020 and 2021

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A:

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A:

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Q: Dhapa

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A: The answer is stated below: