balance sheet
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Free InquiryHall Co. purchased a machine on January 1 at a cost of $140,000. The machine had an estimated useful life of eight years and a salvage value of $60,000. Hall chose to depreciate the machine using the double- declining balance method. What was the carrying amount of the machine in Hall’s balance sheet at the end of its second year of operations?
A.$60,000
B.$61,250
C.$78,750
D.$80,000
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