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Use double-declining balance method of depreciation to prepare a depreciation schedule for a new packing machine. Cost = $12,000, estimated life = 5 years, estimated
Use double-declining balance method of depreciation to prepare a depreciation schedule for a new packing machine. Cost = $12,000, estimated life = 5 years, estimated scrap value = $1,500. When solving, use 2 decimal places. Use the format below, solve for Y: Year Computation Amount of Depreciation Accumulated Depreciation Book Value 0 1 2 3 4 5 Y
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