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3. A used drill press costs $70,000. The salvage value after 8 years is $8,000. Determine depreciation expense using straight line, sum of the years

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3. A used drill press costs $70,000. The salvage value after 8 years is $8,000. Determine depreciation expense using straight line, sum of the years digits, double declining balance, MACRS(use 7 year class). (21pts) Year SLpts) SOYD(4pts) DDB(8pts) MACRS (7pts) 6 17

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