Exam $3$

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Question $2$ of $3$

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Sunland Company purchased a new machine for $$425,000.$ It is estimated that the machine will have a $$41,000$ salvage value at the end of its $5-$year useful service life. The double$-$declining$-$balance method of depreciation will be used.

Prepare a depreciation schedule that shows the annual depreciation expense on the machine for its $5-$year life.

$($To reinstate account previously written off$)$

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