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On January 1, 2016, Fisher Company purchases a machine that manufactures a part for one of its key products. The machine cost $210,000 and is
On January 1, 2016, Fisher Company purchases a machine that manufactures a part for one of its key products. The machine cost $210,000 and is estimated to have a useful life of 4 years, with an expected salvage value of $34,000. Compute (1) depreciation expense, (2) accumulated depreciation, and (3) net book value of the machine for 2016 using the double-declining methods.
Group of answer choices
88,000; 88,000; 122,000
105,000; 105,000; 105,000
105,600; 105,600; 158,400
63,360; 168,960; 95,040
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