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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 scrap value

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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 scrap value =$1,500. When solving, use 2 decimal places. Use the format below, solve for X

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