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A piece of machinery costs $5000 and has anticipated resale value of $1000 at the end of its 5-year useful life. Compute the depreciation at
A piece of machinery costs $5000 and has anticipated resale value of $1000 at the end of its 5-year useful life. Compute the depreciation at year 4 for the machinery by sum-of-years digit method.
(a). $ 1,333
(b). $533
(c). $267
(d). $800
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