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On January 1, Marriott Company Paid $80,000 for a Copy

Question 76

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On January 1, Marriott Company paid $80,000 for a copy machine. It was estimated that the machine would produce 200,000 copies over the next 8 years, at which time it would have a salvage value of $8,000. During the first and second years, the copies totaled 24,000 and 51,000, respectively. Calculate accumulated depreciation using the double-declining-balance method at the end of year two.

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Year 1: [(2 x $80,000)/8] = $2...

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