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A machine costing $47,500 with a five-year life and $2,900 residual value was purchased January...

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Accounting

A machine costing $47,500 with a five-year life and $2,900 residual value was purchased January 2, 2011. Compute depreciation for each of the five years, using the declining-balance method at twice the straight-line rate.

Year 1 ____________

Year 2 ____________

Year 3 ____________

Year 4 ____________

Year 5 ____________

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