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On January 1, 2013, Revolution Company purchased a heavy duty machine having an invoice price of $14,000. Revolution paid transportation and installation costs totaling $4,000.
On January 1, 2013, Revolution Company purchased a heavy duty machine having an invoice price of $14,000. Revolution paid transportation and installation costs totaling $4,000. The machine is estimated to have a 5year useful life and a $1,500 residual value. Calculate depreciation expense and book value for 20132016, assuming double decliningbalance method of depreciation.
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