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Alfredo Company purchased a new 3-D printer for $960,000. Although this printer is expected to last for ten years, Alfredo knows the technology will become
Alfredo Company purchased a new 3-D printer for $960,000. Although this printer is expected to last for ten years, Alfredo knows the technology will become old quickly, so they plan to replace this printer in three years. At that point, Alfredo believes it will be able to sell the printer for $13,000. Calculate yearly depreciation using the double-declining-balance method. Round final answers to the nearest whole dollar amount.
Year 1 | $fill in the blank 1 |
Year 2 | $fill in the blank 2 |
Year 3 | $fill in the blank 3 |
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