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12) BONUS QUESTION (5 PTS.) A machine costing $185,000 with a 5-year life and $20,000 residual value was purchased January 2. Compute depreciation for each

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BONUS QUESTION (5 PTS.) A machine costing $185,000 with a 5-year life and $20,000 residual value was purchased January 2. Compute depreciation for each of the five years, using the double-declining-balance method. (SHOW WORK) YEAR: 1

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