Determine the book value after two years

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Reference no: EM132165734

Question - Blank Mind, Inc., just purchased a new psychograph machine for $10,000. The expected resale value after 4 years is $500. Determine the book value after 2 years using the following depreciation methods:

(a) Straight-line.

(b) SOYD.

Reference no: EM132165734

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