Question
Dr. Sung's hockey stick company has become quite successful. As a thank-you gift to his many wonderful employees, he decides to purchase a disco ball
Dr. Sung's hockey stick company has become quite successful. As a thank-you gift to his many wonderful employees, he decides to purchase a disco ball for the corporate offices. The cost of the ball is $5,200, and the company's accountant has decided to use a decelerating sum-of-years-digits method of depreciation for the disco ball. He estimates the ball will be groovin for four years, after which it will be worthless (salvage value = $0). Calculate the disco balls depreciation schedule. (You can set up a schedule table, or just show the amounts to be depreciated each year.)
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