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ʎddɐɥ ʎddɐɥ
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7 years ago
Pro Engine Company purchased a new engine calibration machine on January 3, 2004, for a total cost of $540,000. The calibration machine has an estimated useful life to the company of five years. Pro Engine thinks it can sell the used machine for $65,000 after five years. The company chose to depreciate the new calibration machine using the double-declining-balance method.

REQUIRED:
a.   Prepare a schedule showing the amount of depreciation expense for each of the five years of the machines estimated useful life.
b.   What will be the book value of the machine at the end of the five-year estimated useful life?
c.   What does book value represent?
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hol23hol23
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7 years ago
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