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M8-5 (Algo) Computing Book Value (Double-Declining-Balance Depreciation) Lo8-3 A three-year-old machine has a cost of $68,000, an estimated residual value of $6,300, and an estimated

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M8-5 (Algo) Computing Book Value (Double-Declining-Balance Depreciation) Lo8-3 A three-year-old machine has a cost of $68,000, an estimated residual value of $6,300, and an estimated useful life of five years. The company uses double-declining-balance depreciation. Calculate the net book value at the end of each year

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