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What would be book value of equipment net of depreciation

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Reference no: EM132761222

Problem 1: A firm acquires an equipment for 100.000 TL. The useful life of the equipment is 5 years. Normally, the firm employs the accelerated method of depreciation. However, at the beginning of the third year, the company switches to the straight-line method of depreciation. What would be the book value of the equipment net of depreciation at the end of the fourth year?

a) 12.000 TL

b) 12.960 TL

c) 24.000 TL

d) 21.600 TL

e) Other:

Reference no: EM132761222

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