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Question 1: 10 Marks Caterpillar purchased a machine with a cash price of $425000 on January 1, 2011. It also spent $10000 fo

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Cash Price Installation Testing Oil & Lubricant Total cost Salvage Value Depreciable Amount Life in years Annual DepreciationDouble declining method 300%-declining balance Straight-line depreciation rate =(100% divided by 5 years). 20.00% 300% of the

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