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A company has purchases a new machine for $7,500, and the machine is expected to...

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Accounting

A company has purchases a new machine for $7,500, and the machine is expected to have a residual value of $1,500 at the end of its six-year life.

Calculate the machine's depreciation using the straight-line method:

Depreciable cost=

Annual depreciation expense=

Calculate the machine's depreciation using the declining balance method:

Depreciable cost=

Year 1 Depreciation Expense=

Year 2 Depreciation Expense=

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