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A new barcode reading device has an installed cost basis of $ 2 1 , 2 0 0 and an estimated service life of nine
A new barcode reading device has an installed cost basis of $ and an estimated service life of nine years. It will have a zero salvage value at that time.
The declining balance method is used to depreciate this asset.
a What will the depreciation charge be in year nine?
b What is the book value at the end of year eight?
c What is the gain or loss on the disposal of the device if it is sold for $ after eight years?
a The depreciation charge in year nine will be $
Round to the nearest dollar.
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