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Question(s) / Instruction(s):

A machine costing $85,000 with a 5-year life and $5,000 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.

1.   Year 1

2.   Year 2

3.   Year 3

4.   Year 4

5.   Year 5 

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