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2. MCT Inc., purchased a new machine on July 1,2022 , at cost of $108,000. The machine's estimated useful life at the time of the

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2. MCT Inc., purchased a new machine on July 1,2022 , at cost of $108,000. The machine's estimated useful life at the time of the purchase was five years, and its estimated residual value was $3,000. Prepare a complete depreciation schedule, beginning with calendar year 2019, under each of the methods listed below (assume that the half-year convention is used): 1. Straight-line 2. 200 percent declining balance Straight-line 200 percent declining balance

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