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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 reside of $5,000.

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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 reside of $5,000. Use Double-Declining method. Compute the annual depreciation, accumulated depreciation and ending bo for the first 2 years. PIA Format B 1 EEE BE Depreaclation Table: Year: BV-Beginning Dpr% Dpr Acc Dpr BV-End 2

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