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A machine costing $99,375 with a 5-year life and $6,000 residual value was purchased January 2. Compute depreciation for each of the five years, using

A machine costing $99,375 with a 5-year life and $6,000 residual value was purchased January 2. Compute depreciation for each of the five years, using the double-declining-balance method. Year Depreciation Year 1 $ 39,750 Year 2 $ 23,850 Year 3 $ 14,310 Year 4 $ 8,586 Year 5 $ 12,879 X Feedback Check My Work Partially correct

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