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Calculate the annual depreciation on the equipment

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Problem - An equipment costs $12,800. It will be kept for 4 years then sold for $1,000. Using the reducing balance method with a depreciation rate of 50%:

(a) Calculate the annual depreciation on the equipment during its second year of use.

(b) Calculate the annual depreciation on the equipment during its fourth year of use.

(c) What will be the accumulated depreciation on the asset at the end of its third year?

Reference no: EM132791613

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