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Blue Company purchased a new machine for $380,000. It is estimated that the machine will have a $38,000 salvage value at the end of its

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Blue Company purchased a new machine for $380,000. It is estimated that the machine will have a $38,000 salvage value at the end of its 5-year useful service life. The double-declining-balance method of depreciation will be used. Prepare a depreciation schedule whichshows the annual depreciation expense on the machine for its 5 -year life

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