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A machine costing $98,750 with a 5-year life and $5,900 residual value was purchased January 2. Compute depreciation for each of the five years, using
A machine costing $98,750 with a 5-year life and $5,900 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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