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A piece of equipment is purchased for $40,000 and has an estimated salvage value of $1,000 at the end of the recovery period. Prepare a

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A piece of equipment is purchased for $40,000 and has an estimated salvage value of $1,000 at the end of the recovery period. Prepare a depreciation schedule for the piece of equipment using the 200% declining-balance method with a recovery period of five years. Match the values missing from the depreciation schedule below: Year Depreciation Rate Depreciation Book Value $40,000 [R1] [D1] [D2] [BV1] [BV2] N a (D3] [BV3] (BV4] (R5] $1,000 [BV1] Book Value after year $24,000 [01] Depreciation year 1 $16,000 (BV2] Book Value year 2 $14.400 [R1] Depreciation Rate year 1 [Choose] [04] Depreciation year 4 Choose] BV4 Book Value year 4 Choose]

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