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4. Assume: Cost of Equipment $10,000 Useful life in years 5 years . Expected life of machine in output hours: 90,000 hours Estimate Residual (salvage)

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4. Assume: Cost of Equipment $10,000 Useful life in years 5 years . Expected life of machine in output hours: 90,000 hours Estimate Residual (salvage) value = $1,000 Determine Depreciation expense each year under 1. Straight Line; 2. Double declining balance method

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