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A machine purchased for $45,000 has a depreciable life four years. It will have an...

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Accounting

A machine purchased for $45,000 has a depreciable life four years. It will have an
expected salvage value of $5000 at the end of the depreciable life.
(a) Using the straight-line method, what is the book value at the end of year 2?
(b) If the double-declining balance (200% DB) method is used, what is the depreciation amount
for year 2?

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