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Question: on january 1 2017 betty derose inc purchased a piece...

Question details
On January 1, 2017, Betty DeRose, Inc. purchased a piece of machinery for $170,000. The
machine had an estimated useful life of 10 years and a residual value of $5,000.

Assume Betty DeRose depreciates its assets using the double declining balance method of
depreciation.

Calculate the amount of accumulated depreciation related to the machine that would appear
in Betty's December 31, 2020 balance sheet. Do not use decimals in your answer.
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