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5) Compute the depreciation each year of a machine that costs $66,000 to purchase, and $4,000 to install with an 8-year life. Use the

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5) Compute the depreciation each year of a machine that costs $66,000 to purchase, and $4,000 to install with an 8-year life. Use the DDB method (multiplier = 2) switching to straight line depreciation when appropriate. Assume a salvage value of $6,000.

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