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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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