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Using the sum of the year method

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Reference no: EM13506504

What is the book value and depreciation charge of an equipment purchased four years ago for $80,000, a salvage value of $10,000, and a expected life of 7 years if it is depreciated:
a. using the sum of the year method?
b. using the double declining balance?
c. MACRS

Reference no: EM13506504

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