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2. Calculate the annual depreciation expenses using the Sum-of-the-Year's-Digits method for a new asset that costs $57,750 with a life expectancy of 6 years and

2. Calculate the annual depreciation expenses using the Sum-of-the-Year's-Digits method for a new asset that costs $57,750 with a life expectancy of 6 years and a salvage value of $15,750. Year Beginning Book Value Depreciation Depreciation Expense Ending Book Value Rate 1 2 3 4 5

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