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Determine the depreciation and book value at December

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Question - Lisa's Tacos, a food truck company, purchased a tortilla machine for $49,000 on January 1, 2021.

The machine is expected to have a four-year life, with a residual value of $7,000 at the end of four years.

Using the double-declining-balance method, determine the depreciation for 2022 and book value at December 31, 2022?

Reference no: EM133089817

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