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Ice Cream Company bought a new ice cream maker at the beginning of the year at a cost of $9,000. The estimated useful life was four years, and the residual value was $1,000. Assume that the estimated productive life of the machine was 16,000 hours. Actual annual usage was 5,500 hours in year 1; 3,800 hours in year 2; 3,200 hours in year 3; and 3,500 hours in year 4.
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How do I calculate the depreciation expense using double-declining-balance method for the next 4 years?