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On January 2, 2016, Fischer Company purchases a machine that manufactures a part for one of its key products. The machine cost $396,900 and is

On January 2, 2016, Fischer Company purchases a machine that manufactures a part for one of its key products. The machine cost $396,900 and is estimated to have a useful life of six years, with an expected salvage value of $33,750. Compute depreciation expense for 2016 and 2017 for the Double-declining balance.

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