Compute the Sum of Years Depreciation (SOYD) schedule for the following asset: Cost of the asset,...

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Compute the Sum of Years Depreciation (SOYD) schedule for the following asset: Cost of the asset, P Useful life, N Salvage value, S (a) What is the denominator of the depreciation fraction? SOYD = (enter ONLY integer) (b) What is the amount of depreciation for the first full year of use? The amount of depreciation = $ (keep 2 decimal places) (c) What is the book value of the asset at the end of the fourth year? The book value = $ (keep 2 decimal places) $12000 5 years $2000 Compute the Sum of Years Depreciation (SOYD) schedule for the following asset: Cost of the asset, P Useful life, N Salvage value, S (a) What is the denominator of the depreciation fraction? SOYD = (enter ONLY integer) (b) What is the amount of depreciation for the first full year of use? The amount of depreciation = $ (keep 2 decimal places) (c) What is the book value of the asset at the end of the fourth year? The book value = $ (keep 2 decimal places) $12000 5 years $2000