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    Exam 9: Long-Term Assets: Fixed and Intangible
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    A Machine Costing $185,000 with a 5-Year Life and $20,000
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A Machine Costing $185,000 with a 5-Year Life and $20,000

Question 92

Question 92

Essay

A machine costing $185,000 with a 5-year life and $20,000 residual value was purchased January 2. Compute depreciation for each of the five years, using the double-declining-balance method.

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