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A machine that cost $400,000 has an estimated residual value of $40,000 and an estimated useful life of four years. The company uses double-declining-balance depreciation.

A machine that cost $400,000 has an estimated residual value of $40,000 and an estimated useful life of four years. The company uses double-declining-balance depreciation. Required:

1. Calculate the machine's depreciable cost.

2. Calculate the machine's depreciation expense for each year.

3. Calculate the machine's accumulated depreciation and book value at the end of each year.

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