Question: 10. On August 1, 2014, a new machine is expected to produce 40,000 units of product during its 5- year life. The machine cost $18,000

10. On August 1, 2014, a new machine is expected to produce 40,000 units of product during its 5- year life. The machine cost $18,000 and is estimated to have a $2,000 salvage value. If depreciation on the machine is calculated by the Double Declining Balance method, calculate Depreciation for the first and second year

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