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On January 1, Year 1, Rainey Company purchased a machine that cost $184,000. The equipment is estimated to have a 4 year life and a

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On January 1, Year 1, Rainey Company purchased a machine that cost $184,000. The equipment is estimated to have a 4 year life and a salvage value of $38,500 Required: a) Compute the amount of depreciation expense using the double-declining-balance method for: (1) Year 1 (2) Year 2

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