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15 pts Question 5 Ivey Company purchased a machine at a cost of $100,000. The machine is expected to have a $13,000 salvage value at

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15 pts Question 5 Ivey Company purchased a machine at a cost of $100,000. The machine is expected to have a $13,000 salvage value at the end of its 5-year useful life. (Hint: Assume purchase is made at the beginning of the year.) When typing your responses, do NOT include a dollar sign. For example, if your answer is $10,000, you should be typing 10,000 or 10,000.00 without any dollar sign. . Compute annual depreciation for the first and second years using the Straight-line method. Response - Straight-Line Depreciation Year 1 Year 2 $ $ Straight-Line Method Compute annual depreciation for the first and second years using the Double- declining-balance method. Response - Double Declining-Balance Depreciation Year 1 Year 2 Double Declining-Balance $ $ Method

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