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Determine the book value at the end of year

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Reference no: EM132609446

Consider the following information for a machine:

Cost = $20,000

Estimated life = 5 years

Straight line depreciation = 10%

Question 1: Using the double declining balance method, determine the book value at the end of Year 1 and Year 2.

a.) End of Year one = $18,000 End of Year two = $14,200

b.) End of Year one = $18,000 End of Year two = $16,200

c.) End of Year one = $16,000 End of Year two = $12,800

d.) End of Year one = $16,000 End of Year two = $8,800

Reference no: EM132609446

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