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Consider the following data on an asset: Cost of the asset, I Useful life, N Salvage value, s $235,000 5 years $60,000 Compute the annual
Consider the following data on an asset: Cost of the asset, I Useful life, N Salvage value, s $235,000 5 years $60,000 Compute the annual depreciation allowances and the resulting book values. (a) Use the straight-line depreciation method. Fill in the table below. (Round to the nearest dollar.) n D n B 1 $ $ 2 $ $ 3 $ $ 4 $ 5 $ $ (b) Use the double-declining-balance method. Fill in the table below. (Round to the nearest dollar.) Dn BO 1 $ 2 $ 3 $ $ 4 5 $ $
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