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A machine costing $39,375 with a 5-year life and $2,400 residual value was purchased January 2. Compute depreciation for each of the five years, using
A machine costing $39,375 with a 5-year life and $2,400 residual value was purchased January 2. Compute depreciation for each of the five years, using the double-declining-balance method.
| Year | Depreciation | |
| Year 1 | $ | |
| Year 2 | $ | |
| Year 3 | $ | |
| Year 4 | $ | |
| Year 5 | $ |
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Mathematical Applications For The Management, Life And Social Sciences
Authors: Ronald J. Harshbarger, James J. Reynolds
12th Edition
978-1337625340
