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2 Construction company XYZ has bought a piece of equipment that costs $90000 and can be depreciated in 7 years. Salvage value is estimated to
2 Construction company XYZ has bought a piece of equipment that costs $90000 and can be depreciated in 7 years. Salvage value is estimated to be $20000. Calculate depreciation schedule and balance of value for this equipment using straight line depreciation and SOY method. Analyze the result by comparing the three methods. What is the tax implication
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