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Cashew Corporation also purchased a machine on Jan 5, 2019 for $42,000. The estimated life of the machine is 10 years. The estimated residual value

Cashew Corporation also purchased a machine on Jan 5, 2019 for $42,000. The estimated life of the machine is 10 years. The estimated residual value is $2,000. Calculate the depreciation expense for 2019 and 2020, if they use the double-diminishing-balance method of depreciation?

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