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ABC Co. purchases a machine for $30,000. It is estimated to have a useful life of five years. Calculate the depreciation using the double-declining method.

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ABC Co. purchases a machine for $30,000. It is estimated to have a useful life of five years. Calculate the depreciation using the double-declining method. The residual value is $2,000. (20 Marks) Year Book Calculation of Depreciation Depreciation Expense Accumulated Depreciation Value 2017 2018 2019 2020 2021

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