Question: Problem 3: 30 points A firm buys a machine for business use. The machine costs 45,000 and is expected to last five years with an

Problem 3: 30 points A firm buys a machine for business use. The machine costs 45,000 and is expected to last five years with an estimated scrap value of 2000. Complete the following table comparing the depreciation and net book values for each year of the asset's life using the straight line and reducing balance methods of depreciation (take the rate of 50% for reducing balance)

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