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On October 1, 20X1, Dax Corp. purchases for $125,000 a machine that Dax estimates will have a useful life of 5 years and a residual
- On October 1, 20X1, Dax Corp. purchases for $125,000 a machine that Dax estimates will have a useful life of 5 years and a residual value of $15,000. Complete the depreciation schedule Download depreciation schedule for Dax Corp. and copy and paste your answers below. Use the double declining balance method of depreciation.
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Year Year beginning book value Depreciation expense Accumulated depreciation Year end book value 2001 2002 2003 2004 2005 2006
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