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2. A new pump was bought for $300,000 with a life span of 6 years when the salvage value will zero. Calculate the annual depreciation

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2. A new pump was bought for $300,000 with a life span of 6 years when the salvage value will zero. Calculate the annual depreciation and book value for the pump using Straight line and DDB. When do you recommend switching to SL and why? Please show your work

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