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Calculate the first five years of depreciation

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Question - The York City Hospital has just acquired new equipment. The equipment cost $4,250,000 and the organization spent $135,000 on upgrading the physical plant where the new equipment will be located. The equipment is expected to have a 10 year useful life and a salvage value of 10% (that is $425,000) calculate the first five years of depreciation using double declining balance?

Reference no: EM132697015

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