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A machine costing $99,375 with a 5-year life and $6,000 residual value was purchased January 2. Compute depreciation for each of the five years, using

A machine costing $99,375 with a 5-year life and $6,000 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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