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A set of office equipment costs $200,000 and has a useful life of 8 years. Its estimated market value at the end of the 8
A set of office equipment costs $200,000 and has a useful life of 8 years. Its estimated market value at the end of the 8th year is $10,000. Determine the depreciation amount on the 3rd year and the book value at the end of the 4th year using:
a. Straight Line Method
b. Double Declining Balance Method
c. Sum-of-Years Digits Method
d. Declining Balance Method with Switchover to SL
e. MACRS GDS (assume that the assets will be disposed of on the 4th year)
excel solution is okay!! pls answer all of them thank you!
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