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Raptor Paper Company purchases a copy machine for $8.000 on January 1st, 2018. Raptor Paper Company estimates that the machine will last 10 years and

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Raptor Paper Company purchases a copy machine for $8.000 on January 1st, 2018. Raptor Paper Company estimates that the machine will last 10 years and have a salvage value of $550. Round all answers to the nearest dollar and use the following number format: 12345. No commas, no dollar signs. Using double-declining-balance method for depreciation, calculate the depreciation expense for the year 2018. Note that this is the first year of operation. Using the double-declining-balance method for depreciation, calculate the book value of the machinery at the end of 2018 (December 31, 2018). Note that this is after the first year of operation. Using double-declining-balance method for depreciation, calculate the depreciation expense for the year 2019. Note that this is the second year of operation

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