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A three-year-old machine that has a cost of $55,000, an estimated residual value of $5,000, and an estimated useful life of five years. The company
A three-year-old machine that has a cost of $55,000, an estimated residual value of $5,000, 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. |
first year | second year | third year | |
---|---|---|---|
net book value |
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