Question: A machine costing $46,250 with a five year life and $2800 residual value was purchased January 2. Compute depreciation for each of the five years

A machine costing $46,250 with a five year life and $2800 residual value was purchased January 2. Compute depreciation for each of the five years using the double declining balance method.

year 1

year 2

year 3

year 4

year 5

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