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Ermler Company purchased a machine at a cost of $80,000. The machine is expected to have a $5,000 salvage value at the end of its
Ermler Company purchased a machine at a cost of $80,000. The machine is expected to have a $5,000 salvage value at the end of its 5-year useful life.
Compute annual depreciation for the first and second years using the Double-declining-balance method.
| Year 1 | Year 2 | |||
| Double-declining-balance method | $ | $ |
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