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A three-year-old machine has a cost of $71,000, an estimated residual value of $6,600, and an estimated useful life of five years. The company uses

A three-year-old machine has a cost of $71,000, an estimated residual value of $6,600, and an estimated useful life of five years. The company uses double-declining-balance depreciation.

Calculate the net book value at the end of each year.

Year 1:

Year 2:

Year 3:

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