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A three-year-old machine that has a cost of $69,000, an estimated residual value of $6,400, and an estimated useful life of five years. The company

A three-year-old machine that has a cost of $69,000, an estimated residual value of $6,400, 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
Net value

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