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On July 2, 2013, Peak Power Corporation purchased machinery for $120,000. Salvage value was estimated to be $10,000. The machinery will be depreciated over ten years using the double-declining balance method. If depreciation is computed on the basis of the nearest full month, Peak Power should record depreciation expense on this machinery for 2014 of

a) $24,000

b) $12,000

c) $19,800

d) $21,600

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