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1. (20 points) On 1 January 2020, Foxtail Co. purchased a machine with cost of $150,000, expected life of 5 years and residual value of

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1. (20 points) On 1 January 2020, Foxtail Co. purchased a machine with cost of $150,000, expected life of 5 years and residual value of $5,000. Use Double-Declining method. Compute the annual depreciation, accumulated depreciation and ending book value for the first 2 years

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