Calculate the depreciation charge and book value for years

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Reference no: EM13951411

Earth-moving equipment having a first cost of $82,000 is expected to have a life of 18 years. The salvage value at the time is expected to be $15,000. Calculate the depreciation charge and book value for years 2, 7, 12, and 18 using:

a- The straight-line depreciation method

b- The double declining balance depreciation method

Reference no: EM13951411

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