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Sigma Corporation purchased machinery for its manufacturing plant. The machinery has a useful life of 6 years and a salvage value of $20,000. The company
Sigma Corporation purchased machinery for its manufacturing plant. The machinery has a useful life of 6 years and a salvage value of $20,000. The company uses the double-declining balance depreciation method. Calculate the annual depreciation expense for the machinery. Also, determine the accumulated depreciation after 4 years, the book value of the machinery at the end of year 4, and the total depreciation expense over the asset's useful life.
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