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$34000 Consider the following data on an asset: Cost of the asset, P Useful life, N. Salvage value, S 7 years $7200 Compute the annual

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$34000 Consider the following data on an asset: Cost of the asset, P Useful life, N. Salvage value, S 7 years $7200 Compute the annual depreciation allowances and the resulting book values using the DB with switching to SL if required. Depreciation with SL switch Book value (keep 2 decimal places)

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