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On October 1, 20X1, Dax Corp. purchases for $125,000 a machine that Dax estimates will...

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Accounting

  1. On October 1, 20X1, Dax Corp. purchases for $125,000 a machine that Dax estimates will have a useful life of 5 years and a residual value of $15,000. Complete the depreciation schedule Download depreciation schedule for Dax Corp. and copy and paste your answers below. Use the double declining balance method of depreciation.
  2. Year Year beginning book value Depreciation expense Accumulated depreciation Year end book value
    2001
    2002
    2003
    2004
    2005
    2006

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