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At the start of 2021 a company acquired a machine for $500,000. They decided to use the double declining balance method for depreciation purposes. Assuming

At the start of 2021 a company acquired a machine for $500,000. They decided to use the double declining balance method for depreciation purposes. Assuming a 5-year useful life and salvage value of $75,000 what was the carrying value at the end of 2022?

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