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2. 600 points value: A three-year-old machine that has a cost of $75,000, an estimated residual value of $7,000, and an estimated useful life of
2. 600 points value: A three-year-old machine that has a cost of $75,000, an estimated residual value of $7,000, and an estimated useful life of five years. The company uses double-declining-balance depreciation. Calculate the net book value at the end of each year First Year Second Year Third Year Net book value$45,000
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