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A piece of machinery has a cost of $ 3 7 0 , 0 0 0 . The machine has a scrap value of $

A piece of machinery has a cost of $370,000. The machine has a scrap value of $85,000 and an estimated life of 8 years. Use the double-declining balance method of depreciation and prepare a depreciation schedule for the first 3 years of this assets life.

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