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Depreciate the asset for each year using the straight line & double declining balance method. cost of assest: $106,000 Residual/Salvage value: $12,000 Estimated life: 5

Depreciate the asset for each year using the straight line & double declining balance method.

cost of assest: $106,000

Residual/Salvage value: $12,000

Estimated life: 5 years

(Year) (Beginning Book value) (deprec. expense) (ending book value) (Accumulated Depreciation)

What is the amount financed, the finance charge,& the deferred payment?

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