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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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