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Assume that Company A with a year end on December 31 purchases machinery for $80,000...

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Accounting

Assume that Company A with a year end on December 31 purchases machinery for $80,000 on January 1st, 2020. Estimated life is 5 years with a residual value of $5,000. Calculate the amortization and book value of the monitoring system using the double declining balance method for every year.

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