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An asset costs $36,000, has a useful life of 5 years and an estimated scrap value of $8,200. Assume an interest rate Of 5% compounded
An asset costs $36,000, has a useful life of 5 years and an estimated scrap value of $8,200. Assume an interest rate Of 5% compounded annually and find the present value of the depreciation charges using:
a. the straight line method.
b. the sum of the years digits method.
c. the double declining balance method for two years followed by the straight line method.
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