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Book val 1. Company A buys equipment for $29,000 that has an estimated useful life of 5 years and a residual value of $4,000. The
Book val 1. Company A buys equipment for $29,000 that has an estimated useful life of 5 years and a residual value of $4,000. The equipment is expected to produce 10,000 units in year 1, 48,000 units in year 2, 2,000 units in year 3, and 20,000 units in both years 4 and 5. Determine the yearly depreciation for straight-line, double declining, and units-of-production methods of depreciation below
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