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Bramble A.. purchased a piece of equipment at the beginning of 2019. The equipment cost 532,120. It has an estimated service life of 8 years
Bramble A.. purchased a piece of equipment at the beginning of 2019. The equipment cost 532,120. It has an estimated service life of 8 years and an expected residual value of 74,200. The sum-of-the-years'-digits method of depreciation is being used. Someone has already correctly prepared a depreciation schedule for this asset. This schedule shows that 63,600 will be depreciated for a particular calendar year.
Determine for what particular year the depreciation amount for this asset will be 63,600.
Year of depreciation =
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