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An organization has just acquired new imaging equipment. The equipment cost $2,500,000 and the organization spent $70,000 on upgrading the physical plant where the new

An organization has just acquired new imaging equipment. The equipment cost $2,500,000 and the organization spent $70,000 on upgrading the physical plant where the new equipment will be located. The imaging equipment is expected to have a 15 year useful life and a salvage value of $200,000. Calculate the first five years of depreciation using straight line, double declining balance, and sum-of-the-years digits.

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