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Granite Company purchased a machine with cost of $40,000 and salvage value of $3,000. The life of the machine was estimated to be 5 years.

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Granite Company purchased a machine with cost of $40,000 and salvage value of $3,000. The life of the machine was estimated to be 5 years. Complete the depreciation schedule shown below using DDB depreciation. DDB RATE BOOK VALUE BEGINNING DEPRECIATION EXPENSE ACCUM. DEPRECIATION BOOK VALUE END YEAR 1 2 3 4 5

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