A machine costing $86,875 with a 5-year life and $5,200 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

A machine costing $6,875 with a year ife and $5,200 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