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A machine that cost $40,000 has a four-year useful life, and an estimated $4,000 residual value. The machine was purchased at the beginning of year

A machine that cost $40,000 has a four-year useful life, and an estimated $4,000 residual value. The machine was purchased at the beginning of year one. Required: Calculate depreciation expense and year-end book value for each of the four years using a) straight-line b) double declining-balance and c) units of production depreciation.

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