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1: A machine is purchased at $70,000 with a $3,000 estimated salvage value after 5 years. The machine is to be depreciated using SL method.

image text in transcribed 1: A machine is purchased at $70,000 with a $3,000 estimated salvage value after 5 years. The machine is to be depreciated using SL method. Determine: A. The depreciation rate. B. The annual depreciation charge. C. The book value of the machine for years 1 to 5

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