What is the annual depreciation

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Reference no: EM13850588

Assume that a piece of equipment is purchased for $100,000. It costs $5,000 to install the equipment. We expect it to last for 5 years, and believe that we will be able to sell it for $25,000 at the end of that five year period of time.

Using straight-line depreciation, what is the annual depreciation?

After three years, how much accumulated depreciation will there be?

After two years, what is the net or book value of the equipment?

Reference no: EM13850588

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