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Walnut Ridge Production Inc. purchased a new computerized video - editing machine at a cost of $ 3 7 0 , 0 0 0 .
Walnut Ridge Production Inc. purchased a new computerized videoediting machine at a cost of $ The system has a residual value of $ and an expected life of years. Compute depreciation expense, accumulated depreciation, and book value for the first years of the machine's life using: The straightline method and then The doubledecliningbalance method. Which method would produce the largest income in the first, second, and third years of the asset's life?
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