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Computing Straight-Line and Double-Declining-Balance Depreciation On January 2, Dechow Company purchased a machine to help manufacture a part for one of its key products. The
Computing Straight-Line and Double-Declining-Balance Depreciation On January 2, Dechow Company purchased a machine to help manufacture a part for one of its key products. The machine cost $196,830 and is estimated to have a useful life of six years, with an expected salvage value of $21,060. Compute each year's depreciation expense for the first and second year for each of the following depreciation methods. Round answers to the nearest whole dollar amount. a. Straight-line Year 1$ Year 2$ b. Double-declining-balance (Do not round the depreciation rate used in your calculations.) Year 1$ Year 2$
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