How do calculate the deprecation using diminishing value

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Reference no: EM132676070

The company bought the land for 9 million four years ago if the company sells it today it would recive$11.5 million. It has a ten year tax life and the company uses diminishing value method of deprecation at 25% per annum for the plant. at the end of year 6 the plant can be scrapped for $52 million

Problem 1: Calculate the deprecation using diminishing value with the depreciation table.

Reference no: EM132676070

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