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Consider a book depreciation problem for an asset with a cost base of $30,000, a life of 5 years, and an estimated salvage value of
Consider a book depreciation problem for an asset with a cost base of $30,000, a life of 5 years, and an estimated salvage value of $8000 at the end of its life. The Double Declining Balance Method is to be used with possible switching to the Straight Line Method to ensure that the book value at the end of its life is equal to the estimated salvage value.
The book depreciation amount in year 5 is:
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