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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 $

Year 2 $

Year 3 $

Year 4 $

Year 5 $

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