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11.Machinery was purchased on January 1 for $84,280.00. The machinery has an estimated life of seven years and an estimated salvage value of $9,000. Double-declining-balance
11.Machinery was purchased on January 1 for $84,280.00. The machinery has an estimated life of seven years and an estimated salvage value of $9,000. Double-declining-balance depreciation for the second year would be (round calculations to the nearest dollar):
12.A machine with a cost of $57,100 has an estimated residual value of $3,941 and an estimated life of 5 years or 19,396 hours. What is the amount of depreciation for the second full year, using the double-declining-balance method?
Please answer both questions.
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