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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, a recovery

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, a recovery period is five years. Prepare a depreciation schedule for the

piece of equipment using the sum-of-the-years method

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