A machine can be purchased for $296,000 and used for fiveyears, yielding the following net incomes. In projecting netincomes, double-declining depreciation is applied using a five-yearlife and a ze A machine can be purchased for \( \$ 296,000 \) and used for five years, yielding the following net incomes. In projecting net incomes, double-deciling depreciation is applied using a five-year life a 2 answers