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Depreciation 15 minutes - 8 marks On May 2, 2020, Kings Landing Corporation purchased a machine for manufacturing crossbows for $95,000. The company expects the machine to last for 4 years or 30,000 units of production, with an estimated residual value of $27,000. Required: 1. Calculate depreciation and book value for each year of the machine's estimated useful life using the double-declining balance method. Space has been provided below to show your calculations. Round to two decimal points