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Calculate the Depreciation using the Declining-Balance method. LiquidHair Inc. buys an expensive machine for 50,000$. It will amortize it using the declining-balance method for

Calculate the Depreciation using the Declining-Balance method. LiquidHair Inc. buys an expensive machine for 50,000$. It will amortize it using the declining-balance method for 6 years. Its salvage value is 2,000$. a) What is the depreciation expense for each year? b) What is the total depreciation expense for the life of the asset?

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