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Cullumber Company purchased a new machine for $ 2 2 5 , 0 0 0 . It is estimated that the machine will have a

Cullumber Company purchased a new machine for $225,000. It is estimated that the machine will have a $22,500 salvage value at the end of its 5-year useful service life. The double-declining-balance method of depreciation will be used.
Prepare a depreciation schedule that shows the annual depreciation expense on the machine for its 5-year life.
\table[[Year,,\table[[Book Value],[Beginning],[of Year]],,\table[[Annual],[Depreciation],[Expense]],End of Year],[,,,\table[[Accumulated],[Depreciation]],,Book Value],[1,$,,$,,$,,$,],[2,,,,,,,,],[3,,,,,,,,],[4,,,,,,,,],[5,,,,,,,,]]
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