Question: A machine costing $ 4 9 , 3 7 5 with a 5 - year life and $ 3 , 0 0 0 residual value

A machine costing $49,375 with a 5-year life and $3,000 residual value was purchased January 2. Compute depreciation for each of the five years, using the double-declining-balance method.
Year Depreciation
Year 1 $fill in the blank 1
Year 2 $fill in the blank 2
Year 3 $fill in the blank 3
Year 4 $fill in the blank 4
Year 5 $fill in the blank 5

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