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A machine costing $87,500 with a five-year life and $5,300 residual value was purchased January 2. Compute depreciation for each of the five years, using
A machine costing $87,500 with a five-year life and $5,300 residual value was purchased January 2. Compute depreciation for each of the five years, using the double-declining-balance method.
Year 1 $ 32,880
Year 2 $ 19,760
Year 3 $
Year 4 $
Year 5 $
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