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On April 1, 2016, Parks Co purchased machinery at a cost of $42.000. The machinery is expected to last 10 years and to have a

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On April 1, 2016, Parks Co purchased machinery at a cost of $42.000. The machinery is expected to last 10 years and to have a residual value of $6,000. Compute depreciation for 2016 and 2017 and the boo k value of the machinery at December 31, 2016 and 2017, assuming double-declining balance method is used

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