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14. A machine cost 500,000 on April 1, 2018. Its estimated residual value is 50,000 and its expected life is eight years. Instructions:Calculate the depreciation

14. A machine cost 500,000 on April 1, 2018. Its estimated residual value is 50,000 and its expected life is eight years.

Instructions:Calculate the depreciation expense (to the nearest dollar) by each of the following methods, showing the figures used.

(a) Straight-line for 2018

(b) Double-declining balance for 2019

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