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2. Equipment bought at cost of $25,000 is being considered for depreciation accounting using either the SOYD (sum- of -years - digit method) or SL

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2. Equipment bought at cost of $25,000 is being considered for depreciation accounting using either the SOYD (sum- of -years - digit method) or SL (straight-line) method. If this asset will be depreciated over a period of 5 years with a salvage value of $5,000, determine the percentage increase in depreciation charges in year 2 for the SOYD method over the SL method

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