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Obtain the annual depreciation for the first five years

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Problem 1: A hotel renews part of its furniture and equipment with an investment of $ 675,000. The useful life is assumed to be 15 years, with a salvage value of 15% of the investment. Using the sum-of-digits method, obtain the annual depreciation for the first 5 years and the accumulated depreciation through the 10th year.

Reference no: EM132976923

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