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Consider an asset that costs $130,000 with a useful life of 5 years. Compute the annual depreciation allowances and the resulting book values, using a.

Consider an asset that costs $130,000 with a useful life of 5 years. Compute the annual depreciation allowances and the resulting book values, using a. The straight-line depreciation method given that the salvage value is $20,000. b. The double-declining-balance method (=0.4) for salvage values $15,000 and $7,000.

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