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The afar jewel mining company has just purchased a new

The Afar Jewel Mining Company has just purchased a new crystal extraction machine that cost $5000 and has an estimated salvage value of $1000 at the end of its 8-year useful life. Compute the depreciation schedule using the following methods:

(a) Straight-line.

(b) Double-declining balance.

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Business Economics: The afar jewel mining company has just purchased a new

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