Do two 7-year depreciation schedules for equipment purchase

Reference no: EM13297454

Do two 7-year depreciation schedules for an equipment purchase of $68,000. The salvage value at the end of the 7 years is $5,000. The first schedule should be a straight line schedule. The second should be a MACRS schedule using 14.3%, 24.5%, 17.5%, 12.5%, 8.9%, 8.9%, and 8.9%.

Reference no: EM13297454

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