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QUESTION 12 (36 points, 6 each) On 1 January 2020, XYZ Co. purchased a machine with cost of $120,000, expected life of 5 years and

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QUESTION 12 (36 points, 6 each) On 1 January 2020, XYZ Co. purchased a machine with cost of $120,000, expected life of 5 years and residual value of $5,000. Use Double-Dedining method. Compute the annual depreciation, accumulated depreciation and Ending book value for the first 2 years

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