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A machine costing $47,500 with a five-year life and $2,900 residual value was purchased January 2. Compute depreciation for each of the five years, using
A machine costing $47,500 with a five-year life and $2,900 residual value was purchased January 2. Compute depreciation for each of the five years, using the double-declining-balance method.
Year 1 | $fill in the blank 1 |
Year 2 | $fill in the blank 2 |
Year 3 | $fill in the blank 3 |
Year 4 | $fill in the blank 4 |
Year |
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