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What should be the charge for depreciation of this equipment

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Question - On January 1, 2012, Forbes Company purchased equipment at a cost of €50,000. The equipment was estimated to have a residual value of €5,000 and it is being depreciated over eight years under the sum-of-the-years'-digits method. What should be the charge for depreciation of this equipment for the year ended December 31, 2019?

a. €2,500

b. €1,250

c. €1,389

d. €5,625

Reference no: EM132768480

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