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An industrial machine costs $55,000. Its service life is ten years with a $5000 salvage value. a) What is the straight-line depreciation charge for each

An industrial machine costs $55,000. Its service life is ten years with a $5000 salvage value. a) What is the straight-line depreciation charge for each year? b) What is the book value after 4 years? c) What is the rate of depreciation

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