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Concord AG purchased a new plant asset on April 1,2022, at a cost of 762,000. It was estimated to have a service life of 20
Concord AG purchased a new plant asset on April 1,2022, at a cost of 762,000. It was estimated to have a service life of 20 years and aresidual value of 61,440. Concord' accounting period is the calendar year. (a) Compute the depreciation for this asset for 2022 and 2023 using the sum-of-the-years'digits method. (Round answers to 0 decimal places, e.g. 45,892.) Depreciation for 2022 Depreciation for 2023 c
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