Compute the accumulated depreciation

Reference no: EM132165583

Question - A used drill press costs $55,000, and delivery and installation charges add $5000. The salvage value after 8 years is $15,000. Compute the accumulated depreciation through Year 4 using

(a) 7-year MACRS depreciation.

(b) Straight-line depreciation.

(d) Double declining balance depreciation.

Reference no: EM132165583

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