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Find the depreciable value of an asset

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Reference no: EM131628179

Question: 1. Using the sum-of-the-years'-digits method, find the denominator of the depreciation rates for assets with an expected life of seven years.

2. Find the depreciable value of an asset that costs $38,490 and has a scrap value of $4,800 if the straight-line method of depreciation is used.

Reference no: EM131628179

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