A machine costing $82,500 with a 5-year life and $5,000 residual value was purchased January...
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Accounting
A machine costing $82,500 with a 5-year life and $5,000 residual value was purchased January 2. Compute depreciation for each of the five years, using the double-declining-balance method.
Year 1
33,000
Year 2
19,800
Year 3
11,880
Year 4
$7,128
Year 5
?????
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