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Problem III The Grant-Horace Company purchased a new machine on April 1, 2013, for $48,000. The machine is expected to have a life of five

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Problem III The Grant-Horace Company purchased a new machine on April 1, 2013, for $48,000. The machine is expected to have a life of five years and a residual value of $3,000. The company's scal year ends on December 31. Required: 1. Determine the appropriate amount of depreciation for 2013 and 2014 applying each of the following methods: Year Straight-line SYD DDB 2013 2014 Computations

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