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will give thumbs up On September 1,2023, Block Ltd purchased a machine at a total cost of $62,000. The machine is expected to last for

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On September 1,2023, Block Ltd purchased a machine at a total cost of $62,000. The machine is expected to last for 10 years with a residual value of $9,000. Block uses the double declining balance method to calculate depreciation. How much depreciation expense should Block report in 2023 and 2024 ? What is the book value of the equipment on December 31,2023 and December 31,2024 ? [ 8 points]

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