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A machine costing $78,125 with a five-year life and $4,700 residual value was purchased on January 2. Compute depreciation for each of the five years,
A machine costing $78,125 with a five-year life and $4,700 residual value was purchased on January 2. Compute depreciation for each of the five years, using the double-declining-balance method.
1. Year 1 | $ |
2. Year 2 | $ |
3. Year 3 | $ |
4. Year 4 | $ |
5. Year 5 | $ |
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