alpha company purchased a machine on January 1, 2017, for $70,000. The machine was estimated to have a service life of ten years with an estimated residual value of $5,000.
alpha company purchased a machine on January 1, 2017, for $70,000. The machine was estimated to have a service
life of ten years with an estimated residual value of $5,000. alpha sold the machine on January 1,2021 for $10,000. Alpha uses the double declining method for depreciation. Using this information, how much is: (enter whole dollars only, for loss amounts enter the $ & value inside of the brackets.)
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