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Crane A.. purchased a piece of equipment at the beginning of 2019. The equipment cost t401,600. It has an estimated service life of 8 years
Crane A.. purchased a piece of equipment at the beginning of 2019. The equipment cost t401,600. It has an estimated service life of 8 years and an expected residual value of t56,000. The sum-of-the-years'-digits method of depreciation is being used. Someone has already correctly prepared a depreciation schedule for this asset. This schedule shows that t48,000 will be depreciated for a particular calendar year. Determine for what particular year the depreciation amount for this asset will be t48,000. Year of depreciation
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