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An equipment at this company costing $ 7 0 0 , 0 0 0 was depreciated using the double declining balance ( DDB ) method.

An equipment at this company costing $700,000 was depreciated using the double declining balance (DDB) method. In year four, the company decided to switch to the straight-line depreciation method. Show work to determine each year's book value and the depreciation charges in year 4. Assume a depreciable life of 10 years and a salvage value of $62,200.
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