Question: A machine costing $ 8 0 , 6 2 5 with a 5 - year life and $ 4 , 8 0 0 residual value

A machine costing $80,625 with a 5-year life and $4,800 residual value was purchased January 2. Compute depreciation for each of the 5 years, using the double-decliningbalance method.
Year Depreciation
Year 1$
Year 2 &
Year 3 $
Year 4$
Year 5$
A machine costing $80,625 with a 5-year life and $4,800 residual

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