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Oriole Company purchased a new machine for $ 3 8 7 , 5 0 0 . It is estimated that the machine will have a

Oriole Company purchased a new machine for $387,500. It is estimated that the machine will have a $38,750 salvage value at the end of its 5-year useful service life. The double-declining-balance method of depreciation will be used.
Prepare a depreciation schedule that shows the annual depreciation expense on the machine for its 5-year life.
\table[[,\table[[Book Value],[Begining],[of Year]],\table[[Annual],[Depreciation],[Expense]]],[1,,]]
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