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Burrell Company purchased a machine for $ 1 1 , 0 0 0 on January 2 , 2 0 1 9 . The machine has

Burrell Company purchased a machine for $11,000 on January 2,2019. The machine has an estimated service life of 5 years and a zero estimated
residual value. The asset earns income before depreciation and income taxes of $5,500 each year. The tax rate is 35%.
Required:
Compute the rate of return earned (on the average net asset value) by the company each year of the asset's life under the straight-line and the double-
declining-balance depreciation methods. Assume that the machine is the company's only asset.
Straight-line method. If required, round to one decimal place.
Double-declining-balance depreciation method. Round to two decimal places. Round your intermediate dollar value calculations to the
nearest whole number.
2019
%
2020
%
2021
%
2022
%
2023
%
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