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What is the double-declining-balance

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Point : Windsor Corporation purchased a new machine for its assembly process on August 1, 2020. The cost of this machine was $136,500. The company estimated that the machine would have a salvage value of $17,700 at the end of its service life. Its life is estimated at 5 years, and its working hours are estimated at 20,000 hours. Year-end is December 31. (Round depreciation rate per hour to 2 decimal places, e.g. 5.35 for computational purposes. Round your answers to 0 decimal places, e.g. 45,892.)

Question 1: What is the double-declining-balance for 2021?

Reference no: EM132478588

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