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Calculate the depreciation on an asset with the original cost of $700,000, with a salvage value of $70,000, and an estimated useful life of 7
Calculate the depreciation on an asset with the original cost of $700,000, with a salvage value of $70,000, and an estimated useful life of 7 years.
Only record the FIRST 4 years using each method. SHOW YOUR CALCULATIONS & HOW YOU ARRIVED AT YOUR ANSWERS!
| STRAIGHT LINE | SHOW YOUR WORK HERE | |||||||||
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| Double Declining Balance | SHOW YOUR WORK HERE | |||||||||
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| YEAR 4 | ||||||||||
| Sum of the Years Digits | SHOW YOUR WORK HERE | |||||||||
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