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15. At the beginning of the year a depreciable asset was purchased which has a cost of $80,000 and a salvage value of $20,000. The
15.
At the beginning of the year a depreciable asset was purchased which has a cost of $80,000 and a salvage value of $20,000. The asset has a three-year life. If depreciation in the third year amounted to $10,000, which depreciation method was used?
Sum-of-the-years digits | ||
Straight-line | ||
Cannot tell from information given | ||
Double Declining-Balance |
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