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Calculate depreciation and book value for each year

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Reference no: EM133016398

Question - On May 2, 2020, Kings Landing Corporation purchased a machine for manufacturing crossbows for $95,000. The company expects the machine to last for 4 years or 30,000 units of production, with an estimated residual value of $27,000.

Required - Calculate depreciation and book value for each year of the machine's estimated useful life using the double-declining balance method.

Reference no: EM133016398

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