Solution-Calculate the depreciation deduction and book value

Calculate the depreciation deduction and book value

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Reference no: EM133161952

Question - A land grant university has upgraded its course management system (CMS), integrating the system throughout all of its main campus and branch campuses around the state. It has purchased a set of 15 servers and peripherals for needs associated with the CMS. The total cost basis is $120,000 and expected use will be 5 years, after which they will have no projected value. Calculate the depreciation deduction and book value for each year. Use declining balance depreciation, with a rate that ensures the book value equals the salvage value.

Reference no: EM133161952

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Calculate the depreciation deduction and book value

Reference no: EM133161952

Reference no: EM133161952

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