Question: Marigold Corp. purchased a new machine for $225,000. It is estimated that the machine will have a $22,500 salvage value at the end of its

Marigold Corp. purchased a new machine for $225,000. It is estimated

Marigold Corp. purchased a new machine for $225,000. It is estimated that the machine will have a $22,500 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. 'Adjusted to $6,660 because ending book value should not be less than expected salvage value

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