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    Boricua2424's Avatar
    Boricua2424 Posts: 1, Reputation: 1
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    #1

    Jan 6, 2014, 11:13 PM
    Answers to Accounting Problems
    a machine costing $50,000 with a 5 year life and $5,000 residual value was purchase January 2, 2005. Compute depreciation for each of the five years, using the declining balance method at twice the straight-line rate
    paraclete's Avatar
    paraclete Posts: 2,706, Reputation: 173
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    #2

    Jan 13, 2014, 11:03 PM
    Can't see the problem here, what part of depreciation don't you understand?
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