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#1) Bettencourt Company purchased a new machine on October 1, 2017, at a cost of$95,000. The company estimated that the machine has a salvage value

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#1) Bettencourt Company purchased a new machine on October 1, 2017, at a cost of$95,000. The company estimated that the machine has a salvage value of $5,000. The machine is expected to be used for 70,000 working hours during its 6-year life. Instructions: Compute the annual depreciation expense, accumulated depreciation and book value for each year of the asset's useful life under (1) the straight-line method, and (2) the double-declining-balance method

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