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An item of equipment acquired on January 1 at a cost of $100,000 has an estimated life of 10 years. Assuming that the equipment will

An item of equipment acquired on January 1 at a cost of $100,000 has an estimated life of 10 years. Assuming that the equipment will have a salvage value of $10,000, determine the depreciation for each of the first three years by the:

a. Straight-line method

b. Declining-balance method

c. Sum-of-the-years-digits method

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