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The machine that was used to produce notebooks cost $750,000 when it was purchased new one year ago. It has an expected life span of 10 years. The income statement showed the straight line deprecation rate as 10%. Total Book Value $750,000 Useful life 10 years Straight line depreciation (%) 10% Double declining balance (%) Double Declining Balance Depreciation Book Value Depreciation Depreciation Accumulated Book Value Year (Beginning of Year) Rate Expense Depreciation (End of Year) IN OOD VA U A W Using double declining balance depreciation, the book value of the machine at the end of year two is a.) $480,000 javascript:void(0) Type here to search X ] e