On January 1, a machine with a useful life of four years and a salvage value of $16,000 was purchased for $80,000.What is the depreciation expense for year 2 under straight-line depreciation?
A)$20,000
B)$32,000
C)$16,000
D)$40,000

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The Answer of On January 1, a machine with a useful life of four years and a salvage value of $16,000 was purchased for $80,000.What is the depreciation expense for year 2 under straight-line depreciation?
A)$20,000
B)$32,000
C)$16,000
D)$40,000

On January 1, a Machine with a Useful Life of Four